Rell Corporation reports under IFRS No. 9. Rell has an investment in Tirish, Inc. bonds the Rell accounts for at amortized cost, given that the bonds pay only interest and principal and Rell's business purpose is to hold the bonds to maturity. Rell purchased the bonds for 11,800,000. As of December 31, 2018, Rell calculates 948,000 of credit losses expected for default events occurring during 2019 and 630,000 of credit losses expected for default events occurring after 2019. Required 1. Assume the Tirish bonds have not had a significant increase in credit risk. Prepare the journal entry to record any impairment loss as of December 31, 2018 2. Assume the Tirish bonds have had a significant increase in credit risk. Prepare the journal entry to record any impairment loss as of December 31, 2018. 3. Assume the Tirish bonds have not had a significant increase in credit risk, and that as of December 31, 2019, Rell calculates 830,000 of credit losses expected for default events occurring during 2020 and 530,000 of credit losses expected for default events occurring after 2020. Prepare the journal entry Rell would make with respect to any impairment loss as of December 31, 2019. Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 Assume the Tirish bonds have not had a significant increase in credit risk. Prepare the journal entry to record any impairment loss as of December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry for impairment loss as of December 31, 2018. Note: Enter debits before credits. Debit Credit Event General Journal Impairment loss-NI 948,000 948,000 Clear entry Record entry View general journal Complete this question by entering your answers in the tabs below. Required 1 Required Required 3 Assume the Tirish bonds have had a significant increase in credit risk. Prepare the journal entry to record any impairment loss as of December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry for impairment loss as of December 31, 2018. Note: Enter debits before credits. General Journal Event DebitCredit 1,578,000 mpairment loss-NI 1,578,000 Record entry View general journal Clear entry Complete this question by entering your answers in the tabs below Required 1 Required 2Required 3 Assume the Tirish bonds have not had a significant increase in credit risk, and that as of December 31, 2019, Rell calculates 830,000 of credit losses expected for default events occurring during 2020 and 530,000 of credit losses expected for default events occurring after 2020. Prepare the journal entry Rell would make with respect to any impairment loss as of December 31, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Show less View transaction list Journal entry worksheet Record the entry for impairment loss as of December 31, 2019. Note: Enter debits before credits. Event General Journal Debit Credit Rell Corporation reports under IFRS No. 9. Rell has an investment in Tirish, Inc. bonds the Rell accounts for at amortized cost, given that the bonds pay only interest and principal and Rell's business purpose is to hold the bonds to maturity. Rell purchased the bonds for 11,800,000. As of December 31, 2018, Rell calculates 948,000 of credit losses expected for default events occurring during 2019 and 630,000 of credit losses expected for default events occurring after 2019. Required 1. Assume the Tirish bonds have not had a significant increase in credit risk. Prepare the journal entry to record any impairment loss as of December 31, 2018 2. Assume the Tirish bonds have had a significant increase in credit risk. Prepare the journal entry to record any impairment loss as of December 31, 2018. 3. Assume the Tirish bonds have not had a significant increase in credit risk, and that as of December 31, 2019, Rell calculates 830,000 of credit losses expected for default events occurring during 2020 and 530,000 of credit losses expected for default events occurring after 2020. Prepare the journal entry Rell would make with respect to any impairment loss as of December 31, 2019. Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 Assume the Tirish bonds have not had a significant increase in credit risk. Prepare the journal entry to record any impairment loss as of December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry for impairment loss as of December 31, 2018. Note: Enter debits before credits. Debit Credit Event General Journal Impairment loss-NI 948,000 948,000 Clear entry Record entry View general journal Complete this question by entering your answers in the tabs below. Required 1 Required Required 3 Assume the Tirish bonds have had a significant increase in credit risk. Prepare the journal entry to record any impairment loss as of December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry for impairment loss as of December 31, 2018. Note: Enter debits before credits. General Journal Event DebitCredit 1,578,000 mpairment loss-NI 1,578,000 Record entry View general journal Clear entry Complete this question by entering your answers in the tabs below Required 1 Required 2Required 3 Assume the Tirish bonds have not had a significant increase in credit risk, and that as of December 31, 2019, Rell calculates 830,000 of credit losses expected for default events occurring during 2020 and 530,000 of credit losses expected for default events occurring after 2020. Prepare the journal entry Rell would make with respect to any impairment loss as of December 31, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Show less View transaction list Journal entry worksheet Record the entry for impairment loss as of December 31, 2019. Note: Enter debits before credits. Event General Journal Debit Credit