PRINIER VERSION PACK Problem 12-1A The following Paver Corporation transactions are for bonds that were purchased as a held for trading Investment for the year ended December 31, 2018: Feb. 1 Purchased $200,000 of Leslye Corporation 4% bonds at 106 (this means 106% of maturity value). Interest is received semi-annually on August 1 and February 1. The bonds mature on February 1, 2020. Aug. 1 Received interest on Leslye bonds. 2 Sold 103,200 of the Leslye bonds at 101. Dec. 31 Accrued interest on the remaining bonds. 31 The fair value of the remaining bonds was 100 on this date. Record the above transactions, using the fair value through profit or loss model, including required adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to o decimal places, e.o. 5,250. Il no entry is required, select "No Entry" for the account titlus and ente o for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Aug. 2 PRINTER VERSION BACK Record the above transactions, using the fair value through profit or loss model, Induding required adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to decimal places 2.0.5.250. Il no entry is required, select "No Entry for the account titles and enter o for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Aug, 2 dy (To record accrued interest of remaining bonds) Termining bonds 9:00 PM Show how the investments would be presented on the statement of financial position at December 31, 2018. (Round answers to o decimal places, 0.5,250.) PAVER CORPORATION Statement of Financial Position (Partial) $ SHOW LIST OF ACCOUNTS udy LINK TO TEXT LINK TO TEXT Determine the balance in each of the income statement accounts that are affected in the transactions above and indicate how they would be presented on the income statement for year ended December 31, 2018. (Round answers to o decimal places, e.g. 5,250. Enter loss using either a negative sigo preceding the number eg. 2.945 or parentheses e.g. (2.945).) PAVER CORPORATION Income Statement (Partial) SOM ENG Determine the balance in each of the income statement accounts that are affected in the transactions above and indicate how they would be preser wear ended December 31, 2018. (Round answers to 0 decimal places, e.g. 5,250. Enter loss using either a negative sign preceding the arentheses e.g. (2,945).) PAVER CORPORATION Income Statement (Partial) $ $ $
