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Will upvote! Please answer each step as it is all 1 question. i have also included the list of account name options for the journal

Will upvote! Please answer each step as it is all 1 question. i have also included the list of account name options for the journal entry section. image text in transcribed
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On january 1. Jules Compary purchased for cash, $175,000 bonds $35,55.000 bonds of Android Corporation at a market rate of fhe. The bonds pay 65 . interest payable on a semiannuat basis each/une 30 and December 31 , and mature on December 31 in five years. The bonds are classified as aviable-for-sale securctes, The annual reporting period of jules Company ends December 31. Assume the effective interest method of amortization of any discounts or prem ums: Note: When arbsering the folowing questions, tound arkwers to the neares whiole dollar Financial Statement presentation 4. Prepare a oond arnorviationschedile for the year using the eftective intertst method. dew escovato or prensim: di llecord ihe every lar the ircepe af warest in Deceit ber it c. Record the entry for the receipt of interest on June 30. d. Record the entry for the receipt of interest on December 31. e. Record the adjusting entry on December 31 to adjust the debt investment to To record the entry for the purchase of bonds. (c) June 30 Fair Value Adjustment-TS Investment in AFS Securities Fair Value Adjustment-AFS Investment in HTM Securities (d) Dec. 31 Investment in Stock Fair Value Adjustment-Equity Securities Fair Value Adjustment-Fair Value Option Allowance for Credit Losses Accumulated Other Comprehensive Income Unrealized Gain or Loss-OCI Unrealized Gain or Loss-Income Dividend Revenue Interest Revenue Check Investment Income Loss on Impairment Recovery of Loss on Impairment Loss on Sale of Investment Partially coi Gain on Sale of Investment Marks for t N/A-Debit N/A-Credit f. Determine the impact on the following financial statement categories for the year assuming no transactions other than those of the AFS securities. Note: Usea negative sign to indicate a loss. 8. Determine the balance in the imvestment account on the balance sheet of December 31 . Invertment in AFS securities, Dec.31:s On january 1. Jules Compary purchased for cash, $175,000 bonds $35,55.000 bonds of Android Corporation at a market rate of fhe. The bonds pay 65 . interest payable on a semiannuat basis each/une 30 and December 31 , and mature on December 31 in five years. The bonds are classified as aviable-for-sale securctes, The annual reporting period of jules Company ends December 31. Assume the effective interest method of amortization of any discounts or prem ums: Note: When arbsering the folowing questions, tound arkwers to the neares whiole dollar Financial Statement presentation 4. Prepare a oond arnorviationschedile for the year using the eftective intertst method. dew escovato or prensim: di llecord ihe every lar the ircepe af warest in Deceit ber it c. Record the entry for the receipt of interest on June 30. d. Record the entry for the receipt of interest on December 31. e. Record the adjusting entry on December 31 to adjust the debt investment to To record the entry for the purchase of bonds. (c) June 30 Fair Value Adjustment-TS Investment in AFS Securities Fair Value Adjustment-AFS Investment in HTM Securities (d) Dec. 31 Investment in Stock Fair Value Adjustment-Equity Securities Fair Value Adjustment-Fair Value Option Allowance for Credit Losses Accumulated Other Comprehensive Income Unrealized Gain or Loss-OCI Unrealized Gain or Loss-Income Dividend Revenue Interest Revenue Check Investment Income Loss on Impairment Recovery of Loss on Impairment Loss on Sale of Investment Partially coi Gain on Sale of Investment Marks for t N/A-Debit N/A-Credit f. Determine the impact on the following financial statement categories for the year assuming no transactions other than those of the AFS securities. Note: Usea negative sign to indicate a loss. 8. Determine the balance in the imvestment account on the balance sheet of December 31 . Invertment in AFS securities, Dec.31:s

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