year 2

Part of Required information The following information applies to the questions displayed below! Mead Incorporated began operations in Year 1. Following is a series of transactions and events involving its long term debt investments in available for sale securities 3 points d Year 1 January 20 Purchased John & Johnson boods for 27,000. February Purchased Sony notes for 161,190. June 12 Purchased attel bonde for $47,000. December 3 Fate values for debt in the portfoltoare Johnson Johnson, 1.300 Bony, 150,250 A Mattel 556.050. edot Year 2 April 15 Bold all of the Johnson & Johnson honda for $30,000. July 5 sold all of the attol bonde for $40,400 July 22 Purobased on tee noted for $16,700. August 19 Purchased Kodak bonde for $19.050. December 31 Yale values for debt in the portfolio are xodak. 519,6001 Bara Lee, 5111,5001 and sony, 56,000. References 3 February 27 Purchased Kiorosoft bonds for $259,200 June 21 Bold all of the Bony notes fox 362.000. June 30 Purchased Black & Decker bonds for $58,300 August ) Sold all of the Sara Lee notes for $15.00. November 1 sold all of the Kodak bonda for $24.700. December 31 Pair values for debt in the portfolio are lock Decker, $50,500; and Microsoft, 1159,990. Part 1 of 3 View transaction list bints Journal entry worksheet Skipped View transaction list Journal entry worksheet 1 3 Sold all of the Mattel bonds for $40,400. Note: Enter debits before credits Date General Journal Dobit Credit July 05 Record entry Clear entry View general Journal View transaction list Journal entry worksheet 1 2 4 5 Purchased Sara Lee notes for $16,700. Note: Enter debits before credits Date General Joumal Debit Credit July 22 Record entry Clear entry View general Journal Yaar Prepare journal entnes to recor these transactions and the year-ena rair value adjustments to the poruono or on sale debt securities. 1 of 3 View transaction list ts Journal entry worksheet Bopped ! Required Information Prepare journar entries to record these transactions and the year-end rair value adjustments to the porcond UTIC sale debt securities. 3 View transaction list Journal entry worksheet