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Question Completion Status: rarse QUESTION 2 On February 15, Jewel Company buys bonds of Marcelo Corp. for $200.000. The investment is classified as available for
Question Completion Status: rarse QUESTION 2 On February 15, Jewel Company buys bonds of Marcelo Corp. for $200.000. The investment is classified as available for sale securities. This is the company's first and only investment in available for sale securities. On December 31, the bonds had a fair value of $200,300. The entry to record the year end adjustment is! Debit Fair Value Adjustment-Available for Sale $300; credit Unrealized Gain-Equity $300. Debit Cash $300: credit Dividend Revenue $300. Debit Fair Value Adjustment-Available for Sale $300; credit Interest Revenue $300. O Debit Cash $300; credit Gain on Sale of Investments $300. Debit Fair Value Adjustment-Available for Sale $300: credit Realized Gain-Income $300. QUESTION 3 Premium on Bonds Payable is an adjunct liability account, as it increases the carrying value of the bond. True False and sunt gate and submit Chek S QUESTION 15 10 P A company reported net sales of $850,000, net income of $200,000 and average total assets of $575.000. Calculate its return on total assets. TTT Anal 3 (12pt) Path:P Words: PILLS 10 poir QUESTION 16 A company issued 10-year, 99 bonds, with a par value of $500,000 when the market rate was 9.54. The issuer received $484,087 in cash proceeds. Prepare the issuers journal entry to record the bond issuance. TT T Arial 3 [12p T GIX Words: Path:p
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