Required Information The following mformation applies to the questions displayed below) On January 1, 2019, Rain Technology purchased at par $82000,5%, bonds of Lightyear Services Company. The bonds pay interest quarterly on March 31, June 30, September 30, and December 31 Rain Technology's year ends on December 31. The following information applies to the fair value of Lightyear Services bonds Boud Price 12/31/2019 500.000 12/31/2020 09.000 12/31/2021 14.000 Rain Technology sold the bonds on July 14, 2022. for $87,000. Required: 1. Prepare Rain Technology's entry to record interest received on March 31, 2019. (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 1 Record the appropriate journal entry on March 31, 2019 Note: Enter debits before credits General Journal Debit Crodit Date March 31, 2019 Required information The following information applies to the questions displayed below) On January 1, 2019, Rain Technology purchased at par $82,000,5%, bonds of Lightyear Services Company The bonds pay interest quarterly on March 31, June 30. September 30, and December 31 Rain Technology's year ends on December 31. The following information applies to the fair value of Lightyear Services' bonds and Price 12/31/2019 $80.000 12/91/2020 29.000 12/31/2021 84.000 Rain Technology sold the bonds on July 14,2022 for $87.000 2. Assuming that Rain purchased the bonds as trading securities, prepare journal entries at the end of each year and on the date of sale ignore interest. (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 Recognize the fair value of investments on December 31, 2019. Note: Enter debits before credits Date General Journ! Debit Credit December 31, 2019 Prov May Required information [The following information applies to the questions displayed below) On January 1, 2019, Rain Technology purchased at par $82.000,5%, bonds of Lightyear Services Company The bonds pay interest quarterly on March 31. June 30, September 30, and December 31. Rain Technology's year ends on December 31 The following information applies to the fair value of Lightyear Services bonds Dond Pesce 12/31/2019 $80.000 12/31/2020 89.000 12/31/2021 84.000 Rain Technology sold the bonds on July 14, 2022, for $87,000 3. Assuming that Rain purchased the bonds as available-for-sale securities, prepare journal entries at the end of each year and on the date of sale. Ignore interest of no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet
