This is an accounting question
Connect X Homework Help - Q&A from Onl x + X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsBkEPsRc2... * M Quiz 4 - Chapter 15 i Saved Help Save & Exit Submit 8 Following are the non-strategic investment transactions of Corona Inc.: 2020 Jan. 1 Purchased for $97,798 an 9.0%, $92, 000 bond that matures in 26 years from Hanna Corporation when the market interest rate was 8.4%. Interest is paid semiannually beginning June 30, 2020. June 30 Received interest on the Hanna bond. 18 July 1 Paid $131,925 for a Trust Inc. bond with a par value of $137,000 and a twenty one-years term. The bond pays interest points quarterly beginning September 30, 2020, at the annual rate of 8.8%; the market interest rate on the date of purchase was 9 . 2% . 00:22:4 Sept. 30 Received interest on the Trust bond. Dec. 31 Received interest on the Hanna and Trust bonds. 31 The fair values of the bonds on this date equalled the fair values. Required: 1. For each of the bond investments, prepare an amortization schedule showing only 2020 and 2021. (Round your intermediate and final answers to the nearest whole dollar amount. Enter all the amounts as positive values.) Partial Amortization Schedule - Hanna Bond: Period Ending Cash Interest Period Interest Premium Unamortized Received Income Amort. Premium Carrying Value Jan. 1/20 June 30/20 Dec. 31/20 June 30/21 Dec. 31/21 Mc Graw Hill Type here to search O ~ 0 0 / 4) ENG 7:20 AM 2020-08-09Connect X Homework Help - Q&A from Onl x + X > C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%2525%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsBkEPsRc2... * M Quiz 4 - Chapter 15 i Saved Help Save & Exit Submit 8 Partial Amortization Schedule - Trust Bond: Period Ending Cash Interest Period Interest Discount Unamortized Received Income Amort. Discount Carrying Value July 1/20 Sept. 30/20 18 points Dec. 31/20 Mar. 31/21 00:22:31 June 30/21 Sept. 30/21 Dec. 31/21 2. Prepare the entries to record the transactions described above. (Enter all the amounts as positive values. Do not round intermediate calculations and round your final answers to the nearest dollar.) View transaction list Journal entry worksheet Type here to search O 1 0 0 7 1) ENG 7:21 AM 2020-08-09Connect X Homework Help - Q&A from Onl x + X > C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsBkEPsRc2... * M Quiz 4 - Chapter 15 i Saved Help Save & Exit Submit 8 View transaction list Journal entry worksheet 18 1 2 3 5 points 00:22:23 Record the purchase of a 26-years, 9.0%, $92,000 bond to be held as a long- term investment. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 2020 Record entry Clear entry View general journal 3. Show how the investments would be reported on Corona's December 31, 2020, balance sheet. (Do not round intermediate Mc Graw Hill Type here to search O ~ 0 0 / 1) ENG 7:21 AM 2020-08-09Connect X Homework Help - Q&A from Onl x + X > C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsBkEPsRc2... * M Quiz 4 - Chapter 15 i Saved Help Save & Exit Submit 8 View transaction list Journal entry worksheet 18 Type here to search O ~ 0 0 / 1) ENG 7:21 AM 2020-08-09Connect X Homework Help - Q&A from Onl x + X > C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsBkEPsRc2... * M Quiz 4 - Chapter 15 i Saved Help Save & Exit Submit 8 View transaction list Journal entry worksheet 18 Type here to search O 1 0 0 / 4) ENG 7:21 AM 2020-08-09Connect X Homework Help - Q&A from Onl x + X > C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsBkEPsRc2... * M Quiz 4 - Chapter 15 i Saved Help Save & Exit Submit 8 View transaction list Journal entry worksheet 18 Type here to search O 1 0 0 / 4) ENG 7:21 AM 2020-08-09Connect X Homework Help - Q&A from Onl x + X > C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsBkEPsRc2... * M Quiz 4 - Chapter 15 i Saved Help Save & Exit Submit 8 View transaction list Journal entry worksheet 18 Type here to search O 1 0 0 / 4) ENG 7:21 AM 2020-08-09Connect X Homework Help - Q&A from Onl x + X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsBkEPsRc2... * M Quiz 4 - Chapter 15 1 Saved Help Save & Exit Submit 8 Record entry Clear entry View general journal 18 points 00:22:11 3. Show how the investments would be reported on Corona's December 31, 2020, balance sheet. (Do not round intermediate calculations and round your final answer to the nearest dollar.) Corona Inc. Partial Balance Sheet December 31, 2020 Assets Non-current investments Mc Graw Hill Type here to search O 1 0 0 / ) ENG 7:21 AM 2020-08-09
