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The following Lawn Corporation transactions are for bonds that were purchased as a held for trading investment for the year ended December 31, 2018: Feb.

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The following Lawn Corporation transactions are for bonds that were purchased as a held for trading investment for the year ended December 31, 2018: Feb. 1 Purchased $232,000 of Leslye Corporation 2% bonds at 106 (this means 106% of maturity value). Interest is received semi-annually on August 1 and February 1. The bonds mature on February 1, 2020. Aug. 1 Received interest on Leslye bonds. 2 Sold $92,800 of the Leslye bonds at 102. Dec. 31 Accrued interest on the remaining bonds. 31 The fair value of the remaining bonds was 100 on this date. Record the above transactions, using the fair value through profit or loss model, including required adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,250. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Feb. 1 Held for Trading Investments 245920 Cash 245920 Aug. 1 Cash 2320 Interest Revenue 2320 Aug. 2 Cash 94656 Realized Loss on Held for Trading Investments 3712 Held for Trading Investments 98368 Dec. 31 Interest Receivable 1160 Interest Revenue 1160 (To record accrued interest of remaining bonds) Dec. 31 Unrealized Loss on Held for Trading Investments 8352 Held for Trading Investments 8352 (To record fair value of remaining bonds)

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