value. At year-end, December 31,2024 , the fair value of the Hunt bond was $20,500. The investment is categorized as a trading debt investment. Read the requirements. Requirement 1. Journalize the transactions for Park's investment in Hunt, Inc. for 2024. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank) Begin by journalizing Park's investment in the Hunt, Inc, bond. Journalize the adjustment, if required, at year-end, December 31, 2024. Hunt's market price was $20,500 per share. Dn February 1. 2024. Park Co. decidess to invest ercess cash of 517,000 by purchasing a Hunt, Inc bond at value. At year-end, December 31.2024. the fair value of fhe Hunt bond was 520.500. The investment is catee as a trading debt investrnent. Read the reguiegments on the baince sheor as of Park woud ivest pis mate at The manet price chenge weult in 1. Jourhafize the transactions for Parks s ivesbment in Hont Inc far 2024: 2. In what cafegory end it what wature pould Park reporf the asset on the December 31,2024, balance shet? In what account would the market price change in Hurf's bond be reportid if at aif? 3. What was the net ellect ol the inwestreit en Park s net incoine for the your anded December 31,20247 On February 1, 2024, Park Co. decides to invest excess cash of $17,800 by purchasing a Hunt, Inc. bond at face value. At year-end, December 31,2024 , the fair value of the Hunt bond was $20,500. The investment is categorized as a trading debt investment. Read the requirements. Requirement 1. Journalize the transactions for Park's investment in Hunt, Inc. for 2024. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank) Begin by journalizing Park's investment in the Hunt, Inc., bond. Joumalize the adjustment, it required, at year-end. December 31. 2024. Hunt's market price was $20,500 per share in ite balance atiset as al. Pak woudresenite asat a 7ert tha is 1. Journalize the transactions for Parks ifmestment in Hunt Inc. for 2024. 2. In what category and at watet valub aodid Park report the asset on the December 31, 2024, balance sheer? In mtat account would the market price change in Hunt s bond be reported if at all? 3. What was the net etfect of the investrent an. Parks not income for the year ended December 31, 2024? The anseant by 2t24 thas value. At year-end, December 31,2024 , the fair value of the Hunt bond was $20,500. The investment is categorized as a trading debt investment. Read the requirements. Requirement 1. Journalize the transactions for Park's investment in Hunt, Inc. for 2024. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank) Begin by journalizing Park's investment in the Hunt, Inc, bond. Journalize the adjustment, if required, at year-end, December 31, 2024. Hunt's market price was $20,500 per share. Dn February 1. 2024. Park Co. decidess to invest ercess cash of 517,000 by purchasing a Hunt, Inc bond at value. At year-end, December 31.2024. the fair value of fhe Hunt bond was 520.500. The investment is catee as a trading debt investrnent. Read the reguiegments on the baince sheor as of Park woud ivest pis mate at The manet price chenge weult in 1. Jourhafize the transactions for Parks s ivesbment in Hont Inc far 2024: 2. In what cafegory end it what wature pould Park reporf the asset on the December 31,2024, balance shet? In what account would the market price change in Hurf's bond be reportid if at aif? 3. What was the net ellect ol the inwestreit en Park s net incoine for the your anded December 31,20247 On February 1, 2024, Park Co. decides to invest excess cash of $17,800 by purchasing a Hunt, Inc. bond at face value. At year-end, December 31,2024 , the fair value of the Hunt bond was $20,500. The investment is categorized as a trading debt investment. Read the requirements. Requirement 1. Journalize the transactions for Park's investment in Hunt, Inc. for 2024. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank) Begin by journalizing Park's investment in the Hunt, Inc., bond. Joumalize the adjustment, it required, at year-end. December 31. 2024. Hunt's market price was $20,500 per share in ite balance atiset as al. Pak woudresenite asat a 7ert tha is 1. Journalize the transactions for Parks ifmestment in Hunt Inc. for 2024. 2. In what category and at watet valub aodid Park report the asset on the December 31, 2024, balance sheer? In mtat account would the market price change in Hunt s bond be reported if at all? 3. What was the net etfect of the investrent an. Parks not income for the year ended December 31, 2024? The anseant by 2t24 thas
