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REQUIRED: PREPARE THE JOURNAL ENTRIES ASSOCIATED WITH AN AVAILABLE FOR SALE INVESTMENT CHAPTER 12 BONDS PURCHASED: HTM/TS/AFS BOND FACE PURCHASE PRICE PURCHASE DATE STATED INTEREST

image text in transcribed REQUIRED: PREPARE THE JOURNAL ENTRIES ASSOCIATED WITH AN AVAILABLE FOR SALE INVESTMENT

CHAPTER 12 BONDS PURCHASED: HTM/TS/AFS BOND FACE PURCHASE PRICE PURCHASE DATE STATED INTEREST RATE EFFECTIVE INTEREST RATE TERM FAIR VALUE AT DECEMBER 31ST, 2018 FAIR VALUE WHEN SOLD ON JANUARY 5TH, 2019 ASSUME INTEREST PAID SEMIANNUALLY 700.000 666.633 01/07/18 12,00% 14,00% 3 YEARS 714.943 725.000

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