Question 13 3.5 pts Problem 3. One Dream Investment Company The following investment account was taken from the general ledger of One Dream Investment Company Debt Investments - Fulfilled Dream 8% bonds (2,000,000 face value, due December 31, 2027) Date PR Debit Credit Balance P1,812,300 60,000 1,752,300 January 2. 2022 VR P1,812,300 June 30, CRJ 2022 Dec 31. 2022 ICRI 60,000 1,692,300 Dec 31. 2022 195,000 1,497 300 In the course of your examination, you obtained the following information: . Interest checks were received on June 30 and December 31 and were credited to the investment account . One dream sold P200,000 of its investment on December 31, 2022 for P195,000. Effective interest rate on this investment, as computed by your audit staff is 8% . One Dream included this investment in a portfolio that is held to collect and for sale. . The fair value at December 31, 2022 and 2023 is 97.5 and 105, respectively. Question 1: The entry to correct the interest income for 2022 includes a debit to the investment account of how much? Question 14 3.5 pts 10 Problem 3 - One Dream Investment Company Question 2: How much is the amortization for 20237 Question 15 3.5 pts Problem 3 - One Dream Investment Company Question 3: how much is the gain or loss on sale as of December 31, 2022? Question 16 3.5 pts Problem 3 - One Dream Investment Company Question 4: The unrealized gain or loss for the year 2023 amounts to? Question 13 3.5 pts Problem 3. One Dream Investment Company The following investment account was taken from the general ledger of One Dream Investment Company Debt Investments - Fulfilled Dream 8% bonds (2,000,000 face value, due December 31, 2027) Date PR Debit Credit Balance P1,812,300 60,000 1,752,300 January 2. 2022 VR P1,812,300 June 30, CRJ 2022 Dec 31. 2022 ICRI 60,000 1,692,300 Dec 31. 2022 195,000 1,497 300 In the course of your examination, you obtained the following information: . Interest checks were received on June 30 and December 31 and were credited to the investment account . One dream sold P200,000 of its investment on December 31, 2022 for P195,000. Effective interest rate on this investment, as computed by your audit staff is 8% . One Dream included this investment in a portfolio that is held to collect and for sale. . The fair value at December 31, 2022 and 2023 is 97.5 and 105, respectively. Question 1: The entry to correct the interest income for 2022 includes a debit to the investment account of how much? Question 14 3.5 pts 10 Problem 3 - One Dream Investment Company Question 2: How much is the amortization for 20237 Question 15 3.5 pts Problem 3 - One Dream Investment Company Question 3: how much is the gain or loss on sale as of December 31, 2022? Question 16 3.5 pts Problem 3 - One Dream Investment Company Question 4: The unrealized gain or loss for the year 2023 amounts to
