Remaining Time: 2 hours, 13 minutes, 14 seconds. Question Completion Status: Pathp QUESTION 4 Lennox Company sold $18,000,000,7%, 5-year bond on January 1, 2021. The bonds are dated January 1 and pay interest annually on January 1. The company uses the straight-line method of amortization, when relevant, on bond premiums and discounts Prepare the following entries if the bonds are issued at 97 2. January 1, 2021.... Issuance of the bonds b. Accrual of Interest on December 31, 2021 and amortization, if applicable. c. Payment of interest on January 1, 2022 d. July 1, 2023... Redeemed the bonds after 2.5 years. The balance in the discount account was $270,0000. The bonds were redeemed at 105 Interest was already recorded and paid. TTTT Paragraph Arial gi 3 [12pt) T' T. X DOO OS Mashup HTML CSS Words o Path 30 p QUESTIONS Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Remaining Time: 2 hours, 13 minutes, 02 seconds. Pathp Question Completion Status: QUESTION 5 The following securities are in Lennox Company's portfolio of trading securities at December 31, 2021. No. of shares Name of Company Cost 5,000 Whitehall Corporation common stock $490.000 9,800 Severson Corporation common stock $460,600 12.400 Holder Corporation common stock $446.400 On December 31, 2021, the fair value equaled the cost of all securities in the portfolio The following selected transactions took place in 2022 Feb. 20> Sold half of the whitehall Corporation common stock 5104 per share March 28 Purchased 1,900 shares of Justice Corporation common stock at $98 per share. June 1 Received dividends from from Severson Corporation, $ 40 per shares, and Holder Corporation, $.1.10 a share. August 30 Sold all of the Holder Corporation Shares for $39 per shares. At December 31, 2022, the fair values of the securities were No. of shares Name of Company Fair value per share ? Whiltehall Corporation common stock $95 2 800 Severson Corporation common stock $45 1.9000 Justice Corporation $112 December 31, 2022 Prepare the adjust entry to report the portfolio on the balance sheet December 31, 2022 No Journal entry, instead show the balance sheet presentation of the portfolio for the trading securities Click Save and Submit to save and submit. Click Save All Answers to save all answers