The Balance Sheet report (Equity-method investment, Held to Maturity investment in bonds, investment of AFSS) of $ ____as a (Longterm asset, longterm liability, short term asset, short term liability). Also, the balance sheet will include the (Interest Payable, Interest Receivable) of $____.

The income statement reports (held to maturity investment in bonds, interest receivable, interest revenue) of $_____

Carman Insurance purchased $1 10,000 of 5 % MEK bonds on January 1, 2018, at a price of 80 when the market rate of interest was 8%. Carman intends to hold the bonds until their maturity date of January 1, 2028. The bonds pa interest semiannually on each January 1 and July 1. Carman recorded the following journal entries on January 1, 2018 and July 1, 2018: B(Click the icon t view the jourmal entries.) Read the reqguirements make on December 31, 2018, related to the investment in MEK bonds. (Record debits first, then credits. Exclude explanations from any joumal entries.) Make the adjusting entries that Carman Insurance would need First, record the entry for the interest receivable December 31, 2018. X Reference Journal Entry Date Accounts Debit Credit 2750 31 Interest Receivable Dec Journal Entry Interest Revenue 2750 Date Accounts Debit Credit 88.000 An Held-to-Maturity Investment in Bonds 88,000 Cash December 31, 2018. Now record the entry for the amortization f bond discount Journal Entry Date Accounts Debit Credit Journal Entry Jul 1Cash 2,750 Date Accounts Debit Credit 2.750 Interest Reyenue Dec 1 Journal Entry Credit Date Accounts Debit Held-to-Maturity Investment Jul 1,100 Bonds Interest Receivable 1.100 How would the bonds be reported on Carman Insurance's balance sheet a of December 31, 2018? (Abbreviation Choose from any list or enter any number in the input fields and then continue to the next question. Print Done Save for Later How would the bonds be reported on Carman Insurance's balance sheet as of December 31, 2018? (Abbreviation used: AFSS = available-for-sale security) of $ The balance sheet reports as a of $ Also, the balance sheet will include the What amount of interest revenue would be reported on Carman Insurance's income statement for the year ended December 31, 2018, related to the MEK bonds? of $ The income statement reports - X Requirements Make the adjusting entries that Carman Insurance would need to make on December 31, 2018, related to the investment in MEK bonds. How would the bonds be reported on Carman Insurance's balance sheet as of December 31, 2018? What amount of interest revenue would be reported on Carman Insurance's income statement for the year ended December 31, 2018, related to the MEK bonds? Print Done