The following are investment activities for Koko Company.

$1)$ On January $31,2023,$ Koko Company purchased a $$44,000,8-$year bond at par with $3\%$ interest paid annually on December $31.$ Koko Company is planning to hold this investment until maturity.

$2)$ On February $10,2023,$ Koko Company invested $$26,400$ in Best Company by purchasing $3,300$ common shares. This is an insignificant investment in Best Company with the intention of selling it within a year.

$3)$ On March $1,2023,$ Koko Company made an investment of $$92,700$ in Elgin Company by acquiring $6\%$ of its $103,000$ outstanding common shares. Koko Company plans to hold on to these shares for at least a few years.

$4)$ On April $1,2023,$ Koko Company received a cash dividend from Best Company for a total of $$1,460.$

$5)$ On April $30,2023,$ Koko Company received a cash dividend from Elgin Company for a total of $$1,440.$

$6)$ On Koko Company$$s year$-$end of May $31,2023,$ Best Company$$s common shares were trading at $$9\mathrm{.}00$ per share, and Elgin Company$$s shares were trading at $$14\mathrm{.}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 Account Title and Explanation Debit Credit

Jan $31$ Answer Answer

Answer

Answer

To record purchase of bonds at par

Feb $10$ Answer Answer

Answer

Answer

To record purchase of common shares as a short$-$term investment

Mar $1$ Answer Answer

Answer

Answer

To record investment of common shares

Apr $1$ Answer Answer

Answer

Answer

To record dividends received

Apr $30$ Answer Answer

Answer

Answer

To record dividends received

May $31$ Answer Answer

Answer

Answer

To record unrealized gain on investment in Best Company

May $31$ Answer Answer

Answer

Answer

To record unrealized loss on investment in Elgin Company

May $31$ Answer Answer

Answer

Answer

To record accrued interest revenue on bond investment