these are all parts of one question so plz answer them all. you can prepare the entry for all dates on one page and then I can enter. plz answer them all asap. upvote for sure. thanks.
Question 1 of 4 2.98/25 OUW RESORY Current Attempt in Progress On January 1, 2021, Kingbird Inc., a public company, purchased $680,000 of Pearl Corporation's five-year, 6% bonds for $709,757 when the market interest rate was 5%. Interest is received semi-annually on July 1 and January 1. Kingbird's year end is December 31. Kingbird intends to hold Pearl's bonds until January 1, 2026, the date the bonds mature. The bonds' fair value on December 31, 2021, was $700,000 Part 1 Your answer is partially correct. Record the purchase of the bonds on January 1, 2021. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 Long Term Investment at FVTOCI-Bonds 709757 Cash 709757 (To record purchase of investment.) 24C Sunn Question 1 of 4 2.98/25 Part 2 Prepare the entry to record the receipt of interest on July 1, 2021. (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 for the amounts. Round answers to decimal places, eg. 5,276.) Date Account Titles and Explanation Debit Credit Jul. 1 Cash 20400 Investments at Amortized Cost Interest Revenue (To record collection of interest on bonds.) e Textbook and Media Save for Later Attempts: 0 of 5 used Submit Answer Using multiple attempts will impact your score. 40% score reduction after attempt 4 Chegg Customer Service Phone X was/ui/2/assessment-player/index.html?launchid=3d0fe39d-2fe7-4383-a5c5-f56fa826f3f6#/question/0 + ps Question 1 of 4 2.98/25 E Part 3 Prepare the adjusting entry required at December 31, 2021. (Credit account tities 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 for the amounts. Round answers to decimal places, eg. 5,276.) Date Account Titles and Explanation Debit Credit Dec. 31 > > To accrue interest revenue.) e Textbook and Media save for Later Using multiple attempts will impact your score 40% score reduction after attempt 4 Attempts: 0 of 5 used Submit Answer > Question 1 of 4 2.98/29 Part 4 Show the financial presentation of the bonds for Kingbird on December 31, 2021. (Round answers to O decimal places, eg. 5,27 KINGBIRD INC. Partial Balance Sheet e Textbook and Media Attempts: 0 of 5 used Submit Answer Save for later Using multiple attempts will impact your score 40% score reduction after attempt 4 Maps Question 1 of 4
