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please provide correct answer Safety Development Corporation had relatively large idle cash balances and invested them strategic investments: 2023 Feb. 7 Purchased 3,900 common shares
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Safety Development Corporation had relatively large idle cash balances and invested them strategic investments: 2023 Feb. 7 Purchased 3,900 common shares of Royal Bank at $28.20, plus $500 in transaction fe 19 Purchased 2,900 common shares of Imperial 0 il at $56.00, and paid $250 in transact Apr. 1 Paid $105,053 plus $500 in transaction fees for a 7.80%, four-year, $107,000 Minco beginning June 30. The market rate of interest on this date was 8.20%. Sellers Corp for the duration of the bond's contract life. May 26 Purchased 3,700 common shares of BCE at $15.08, plus $200 in transaction fees. June 1 Received a $0.25 per share cash dividend on the Royal Bank common shares. 30 Receid 2,900 Royal Bank common shares at $28.70. Aug. 5 Received interest on the Minco Inc, bond. Sept. 1 Received a $0.50 per share cash dividend on the Imperial Oil common shares. 30 Received interest on the Minco Inc. bond. Dec. 31 Received interest on the Minco Inc. bondy On December 31, 2023, the fair values of the investments held by Safety Development Corporatic Oil, \$54.38; and BCE, \$15.20. Assume the fair value and carrying value of the Minco Inc. bond wer Required: 1. Prepare an amortization schedule for the Minco lnc. bond showing only 2023. (Round your inter nearest whole dollar amount. Enter all the amounts as positive values.) Safety Development Corporation had relatively large idle cash balances and invested them strategic investments: 2023 Feb. 7 Purchased 3,900 common shares of Royal Bank at $28.20, plus $500 in transaction fe 19 Purchased 2,900 common shares of Imperial 0 il at $56.00, and paid $250 in transact Apr. 1 Paid $105,053 plus $500 in transaction fees for a 7.80%, four-year, $107,000 Minco beginning June 30. The market rate of interest on this date was 8.20%. Sellers Corp for the duration of the bond's contract life. May 26 Purchased 3,700 common shares of BCE at $15.08, plus $200 in transaction fees. June 1 Received a $0.25 per share cash dividend on the Royal Bank common shares. 30 Receid 2,900 Royal Bank common shares at $28.70. Aug. 5 Received interest on the Minco Inc, bond. Sept. 1 Received a $0.50 per share cash dividend on the Imperial Oil common shares. 30 Received interest on the Minco Inc. bond. Dec. 31 Received interest on the Minco Inc. bondy On December 31, 2023, the fair values of the investments held by Safety Development Corporatic Oil, \$54.38; and BCE, \$15.20. Assume the fair value and carrying value of the Minco Inc. bond wer Required: 1. Prepare an amortization schedule for the Minco lnc. bond showing only 2023. (Round your inter nearest whole dollar amount. Enter all the amounts as positive values.)Step by Step Solution
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