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Problem 16-02A 3-d (Video) In January 2020, the management of Pharoah Company concludes that has sufficient cash to permit some short-term investments in debt and

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Problem 16-02A 3-d (Video) In January 2020, the management of Pharoah Company concludes that has sufficient cash to permit some short-term investments in debt and stock securities. During the year, the following transactions corred Feb. Purchased Soo shares of Muninger common stock for $25,000 Mar. 1 Purchased 700 shares of Taman common stock for $17.500 Apr. 1 Purchased 70 $1,020,8% Yoakem bonds for $71,400. Interest is payable semiannualy on April 1 and October 1 July 1 Received a cash dividend of $0.50 per share on the Muninger common stock, Aug. 1 Sold 167 shares of Musinger common stock at $60 per share. Sept. 1 Received a si pershane cash dividend on the Tatman common stock Oct. 1 Received the semiannual interest on the Yoaken bonds. Oct 1 Sold the Yoakem bonds for 570,400 At December 31, the fair value of the Muninger common stock was $51 per share. The fair value of the Tatman common stock was $24 per share Journaise the transactions and post to the accounts Debt Investments and stock imarts, (ie the account form) (Reeder urna anteries in the arter presented in the problem. Credit countries are automatically indented when amount is entered. De not indent manually. If no entry is required, select "Wo antry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debt Credit . : . 1 CALCULATE PRINTER VERSION RACE NETE 05:52 / 252 (To record the sale of Token bonds) 16.228 Stock Investments : Debt Investments Prepare the adjusting entry at December 31, 2030, to report the investment securities at fair value. Al securities are considered to be the series. (Credit accountitles are automatically indeed when amount entered. Do not indent manually. If no entry is required, select "No entry for the accountities and enter for the amounts) Date Account Tities and Explanation Debit Credit Dec. 31 unrealized Gain or Log-Income Fair Value Adwort Trading Show the balance sheet presentation of investment securities at December 31, 2020 Pharoah Company Balance Sheet(Partia Der 31, 2020 Carrett Assets Short-term invents, fairwave . Give the same assoon of home went account In Statement Account Category

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