Take me to the bed Laman Company to purchase a portfolio of det nestments on March 1, 2020. Maragerevention is to hold them for less than one year, Management intendono daryt vers untermath porto Dans Or.com in the outbos For actions on the enter the code Required al Prepare the mal entry to record the purchase of these debt securtes. Date loreda Account and Explanation Short-Temat: Bonds Debut 294000 Mart Cash 294000 To record purchase of investments bj On Math 15.2000. Laman Company received interest of $1.500 the debt investments in this portfolio. Prepare the ouma entry to record the rest of interest Date Credit Account Title and Explanation Casa De 1600 15 . M terest Revenue 1600 To record of interest The of the portfolio Company's year end on March 200 114,000. Prepare the journal entry to recordent Date Debit Tande Account Title and Explanation Dividend Revenue M Didende On Apr 20, 2000. Laman Company sodat of the twents in this portfolio for $154.000 Prepare the journey to record the sale Account Title and plantic Investment in Comary Shares |Apr 20 154000 . O Type here to search E idan AME ENGAGE man Company paid $294,000 to purchase a portfolio of debt investments on March 1, 2020. Management's intention is to hold them for less than one year. Management does not intend Westments until their maturity in this portfolio nolenter dollar signs or commas in the input boxes or transactions with more than one debitor credit, enter the accounts in alphabetical order hold any debt equired Prepare the journal entry to record the purchase of these debt securities Date Account Title and Explanation Debit Credit Mar 1 Short-Term Investment - Bonds . 294000 Cash 294000 To record purchase of investments b) On March 15, 2020, Laman Company received interest of $1,600 from the debt investments in this portfolio. Prepare the journal entry to record the receipt of interest Date Account Title and Explanation Debit Credit Mar 15 Cash 1600 Interest Revenue 1600 To record receipt of interest The fair value of the portfolio at Laman Company's year end on March 31, 2020 was $314,000. Prepare the journal entry to record the fair value adjustment Debit Credit Date Account Title and Explanation Dividend Revenue X Mar 31 Dividend Revenue To record fair value adjustment d) on April 20, 2020, Laman Company sold half of the investments in this portfolio for $154.000. Prepare the journal entry to record the sale DI e O Type here to search hp terruan AME ENGAGE b) On March 15, 2020, Laman Company received interest of $1.500 from the debt investments in this portfolio Prepare the journal entry to record the receipt of interest Date Account Title and Explanation Debit Credit Mar 15 Cash 1600 Interest Revenue 1600 To record receipt of interest The fair value of the portfolio at Laman Company's year end on March 31, 2020 was $314,000. Prepare the joumal entry to record the tor value austment Date Account Title and Explanation Debit Credit Mar 31 Dividend Revenue X Dividend Revenue X To record fair value adjustment d) on April 20, 2020, Laman Company sold half of the investments in this portfolio for $154000. Prepare the journal entry to record the sale Date Debit Credit Account Title and Explanation Investment in Company Shares X 154000 Apr 20 To record sale of half of investments Check Note: The "check' button does not submit your attempt. To submit the attempt go to the end of the quand on the submit and this button O Type here to search