The Government of Canada bonds were being managed for their yield to maturity and are being held to maturity, and the Monet bonds were acquired with the hope of gaining from falling interest rates. The Chiang shares were acquired with the hope of ensuring the supply of raw materials from this company in the future. Octavio tracks interest income for all debt investments. (b) Prepare the entries necessary to correct any errors in the Investments account, assuming that the Government of Canada bonds were being managed for their yield to maturity, and that the Monet bonds were acquired with the hope of gaining from falling interest rates. The Chiang Corp. shares were acquired with the hope of ensuring the supply of raw materials from this company in the future. Whispering Winds tracks interest income for all debt investments. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Whispering Winds Corp. prepares financial statements annually on December 31, its fiscal year end. The company follows IFRS. At December 31, 2023, the company has the account Investments in its general ledger, containing the following debits for investment purchases, and no credits: Feb. 1 ,2023 Chiang Corp. common shares, no par value, 200 shares April 1 July 1 Nov. 1 Government of Canada bonds, 6\%, due April 1, 2030, interest payable April 1 and October 1, 100 bonds of $1,000 par value each Monet Corp. 12% bonds, par $59,000, dated March 1, 2023, purchased at 109 plus accrued interest to yield 11\%, interest payable annually on March 1, due on March 1, 2040 $69,000, six-month non-interest-bearing note that matures on May 1, 2024, bought to yield 10% $38,800 100,000 66,670 65,714 The fair values of the individual securities on December 31, 2023, were: The Government of Canada bonds were being managed for their yield to maturity and are being held to maturity, and the Monet bonds were acguired with the hone of gaining from falling interest rates. The Chiang shares were acauired with the hone of ensuring Prepare the entries necessary to correct any errors in the Investments account, assuming that the Government of Canada bonds were being managed for their yield to maturity, and that the Monet bonds were acquired with the hope of gaining from falling interest rates. The Chiang Corp. shares were acquired with the hope of ensuring the supply of raw materials from this company in the future. Whispering Winds tracks interest income for all debt investments. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)
