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Prepare journal entries to record the preceding transactions. ( Round your intermediate and final answers to the nearest whole dollar amount. Use 3 6 5
Prepare journal entries to record the preceding transactions. Round your intermediate and final answers to the nearest whole dollar amount. Use days in a year.
tableNoDate,General Journal,Debit,CreditiApr Investment Term deposit,,Transaction Fees Expense,,Cash,,iApr Investment Blue Balloon shares,,Transaction Fees Expense,,Cash,,iJun Investment Purple Car shares,,Transaction Fees Expense,,Cash,,iJun Investment Yellow Tech shares,,Transaction Fees Expense,,Cash,,iJul Investment Space Explore bond,,Cash,, Show how Live Large Inc.s investments will appear on its December balance sheet. Round your intermediate and final
answers to the nearest whole dollar amount.Live Large Inc. had the following transactions involving nonstrategic investments during
Apr. Paid $ to buy a day term deposit, $ principal amount, dated April There was a $ transaction
fee included in the abovenoted payment amount.
Purchased common shares of Blue Balloon Ltd at $ There was a $ transaction fee included in the abovenoted
payment amount.
June Purchased common shares of Purple Car Corp. at $ There was a $ transaction fee included in the abovenoted
payment amount.
Purchased common shares of Yellow Tech Ltd at $ There was a $ transaction fee included in the abovenoted
payment amount.
July Purchased for $ a $ Space Explore Inc. bond that matures in eight years when the market interest rate
was There was a $ transaction fee included in the abovenoted payment amount. Interest is paid semiannually
beginning December Live Large Inc. plans to hold this investment until maturity.
Received a cheque for the principal and accrued interest on the term deposit that matured on June
Received a $ per share cash dividend on the Blue Balloon Ltd common shares.
Sold of the Blue Balloon Ltd common shares at $
Sept. Received a $ per share cash dividend on the Purple Car Corp. common shares.
Dec. Received a $ per share cash dividend on the remaining Blue Balloon Ltd common shares owned.
Received the interest on the Space Explore Inc. bond.
The fair values of Live Large Inc.s investments on this date were Blue Balloon shares, $; Purple Car Corp. shares,
$; Yellow Tech shares, $ Assume the fair value and the carrying value of the Space Explore bond were equal.
Feb. Sold the remaining Blue Balloon shares at $
Required:
Prepare an amortization schedule for the Space Explore bond showing only and Round your intermediate and final
answers to the nearest whole dollar amount. Enter all the amounts as positive values. Use days in a year.
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