Sunshine Pools purchased $150,000 of 7 % BHT bonds on January 1, 2018, at a price of 111.6 when the market rate of interest was 6 %. Sunshine intends to hold the bonds until their maturity date of January 1, 2038. The bonds pay interest semiannually on each January 1 and July 1 Read the requirements, Make the adjusting entries that Sunshine Pools would need to make on December 31, 2018, related to the investment in BHT bonds. (Record debits first, then credits. Exclude explanations from any journal entries.) First, record the entry for the interest receivable at December 31, 2018 Journal Entry Debit Credit Date Accounts 150000 31 Cash Dec Now record the entry r the amortization of bond premium at December 31, 2018. (Round youir answer to the nearest whole dollar.) Journal Entry Date Accounts Credit Debit Dec 31 How would the bonds be reported on Sunshine Pools' balance sheet as of December 31, 2018? (Abbreviation used: AFSS available-for-sale security) The balance sheet reports of $ and of $ What amount of interest revenue related to the BHT bonds would be reported on Sunshine Pools' income statement for the year ended December 31, 2018? of $ The income statement reports Choose from any list or enter any number in the input fields and then continue to the next question Requirements Make the adjusting entries that Sunshine Pools would need to make on December 31, 2018, related to the investment in BHT bonds. How would the bonds be reported on Sunshine Pools' balance sheet as of December 31, 2018? What amount of interest revenue related to the BHT bonds would be reported on Sunshine Pools' income statement for the year ended December 31, 2018? Print Done Sunshine Pools purchased $150,000 of 7 % BHT bonds on January 1, 2018, at a price of 111.6 when the market rate of interest was 6 %. Sunshine intends to hold the bonds until their maturity date of January 1, 2038. The bonds pay interest semiannually on each January 1 and July 1 Read the requirements, Make the adjusting entries that Sunshine Pools would need to make on December 31, 2018, related to the investment in BHT bonds. (Record debits first, then credits. Exclude explanations from any journal entries.) First, record the entry for the interest receivable at December 31, 2018 Journal Entry Debit Credit Date Accounts 150000 31 Cash Dec Now record the entry r the amortization of bond premium at December 31, 2018. (Round youir answer to the nearest whole dollar.) Journal Entry Date Accounts Credit Debit Dec 31 How would the bonds be reported on Sunshine Pools' balance sheet as of December 31, 2018? (Abbreviation used: AFSS available-for-sale security) The balance sheet reports of $ and of $ What amount of interest revenue related to the BHT bonds would be reported on Sunshine Pools' income statement for the year ended December 31, 2018? of $ The income statement reports Choose from any list or enter any number in the input fields and then continue to the next question Requirements Make the adjusting entries that Sunshine Pools would need to make on December 31, 2018, related to the investment in BHT bonds. How would the bonds be reported on Sunshine Pools' balance sheet as of December 31, 2018? What amount of interest revenue related to the BHT bonds would be reported on Sunshine Pools' income statement for the year ended December 31, 2018? Print Done
