what is are the amounts for Jan$\mathrm{.}152023$ investment invome or loss, FV$-$NI investments and interest receivable $$a $1$

$($To accrue interest$)$

$[$

$($To record fair value adjustment$)$

Jan. $15,2023*$

Loss on Disposal of Investments FV$-$NI

Investment Income or Loss

FV$-$NI Investments

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Current Attempt in Progress

Marigold Corp. purchased a $$100,000$ face value bond of Myers Corp. on August $31,2022,$ for $$108,320$ plus accrued interest. The yield on the bond is $7\mathrm{.}24\%.$ The bond pays interest annually each November $1$ at a rate of $9\%.$ On November $1,2022,$ Marigold received the annual interest. On December $31,2022,$ Marigold's year end, the fair value for these bonds was $107\mathrm{.}4.$ Marigold sold the bond on January $15,2023,$ for $$107,100$ plus accrued interest. Assume Marigold follows IF$$RS$.$

$($a$)$

Your answer is partially correct.

Prepare the journal entries to record the purchase of the bond, the receipt of interest, any adjustments required at year end, and the subsequent sale of the bond. $($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. Record entries in the order displayed in the problem statement. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit

$($To record fair value adjustment$)$

Loss on Disposal of Investments FV$-$NI

Investment Income or Loss

Interest Receivable

eTextbook and Media

Current Attempt in Progress

Marigold Corp. purchased a $$100,000$ face value bond of Myers Corp. on August $31,2022,$ for $$108,320$ plus accrued interest. The yield on the bond is $7\mathrm{.}24\%.$ The bond pays interest annually each November $1$ at a rate of $9\%.$ On November $1,2022,$ Marigold received the annual interest. On December $31,2022,$ Marigold's year end, the fair value for these bonds was $107\mathrm{.}4.$ Marigold sold the bond on January $15,2023,$ for $$107,100$ plus accrued interest. Assume Marigold follows IFRS.

$($a$)$

Your answer is partially correct.

Prepare the journal entries to record the purchase of the bond, the receipt of interest, any adjustments required at year end, and the subsequent sale of the bond. $($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. Record entries in the order displayed in the problem statement. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credii

Interest Receivable

FV$-$NI Investments

$($To record fair value adjustment$)$

Loss on Disposal of Investments FV$-$NI

Investment Income or Loss

Interest Receivable

eTextbook and Media