Take me to the text The following are investment activities for Koko Company. 1) On January...

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Take me to the text The following are investment activities for Koko Company. 1) On January 31, 2020, Koko Company purchased a $39,000, 7-year bond at par with 4% interest paid annually on December 31. Koko Company is planning to hold this investment until maturity. 2) On February 10, 2020, Koko Company invested $21,600 in Best Company by purchasing 2,700 common shares. This is an insignificant investment in Best Company with the intention of selling it within a year. 3) On March 1, 2020, Koko Company made an investment of $119,340 in Elgin Company by acquiring 6% of its 153,000 outstanding common shares. Koko Company plans to hold on to these shares for at least a few years. 4) On April 1, 2020, Koko Company received a cash dividend from Best Company for a total of $1,790. 5) On April 30, 2020, Koko Company received a cash dividend from Elgin Company for a total of $1,500. 6) On Koko Company's year-end of October 31, 2020, Best Company's common shares were trading at $9.00 per share, and Elgin Company's shares were trading at $12.00 per share. Required Prepare journal entries using proper accounting methods for all transactions including the year end accrual of the bonds' interest. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Date Jan 31 Feb 10 Account Title and Explanation Debit Credit To record purchase of bonds at par Take me to the text The following are investment activities for Koko Company. 1) On January 31, 2020, Koko Company purchased a $39,000, 7-year bond at par with 4% interest paid annually on December 31. Koko Company is planning to hold this investment until maturity. 2) On February 10, 2020, Koko Company invested $21,600 in Best Company by purchasing 2,700 common shares. This is an insignificant investment in Best Company with the intention of selling it within a year. 3) On March 1, 2020, Koko Company made an investment of $119,340 in Elgin Company by acquiring 6% of its 153,000 outstanding common shares. Koko Company plans to hold on to these shares for at least a few years. 4) On April 1, 2020, Koko Company received a cash dividend from Best Company for a total of $1,790. 5) On April 30, 2020, Koko Company received a cash dividend from Elgin Company for a total of $1,500. 6) On Koko Company's year-end of October 31, 2020, Best Company's common shares were trading at $9.00 per share, and Elgin Company's shares were trading at $12.00 per share. Required Prepare journal entries using proper accounting methods for all transactions including the year end accrual of the bonds' interest. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Date Jan 31 Feb 10 Account Title and Explanation Debit Credit To record purchase of bonds at par