Homework Answers
| Date | Particular | Debit | Credit |
|---|---|---|---|
| 1/1/2016 | Bond Investment - held to maturity | $ 612,900 | |
| To Cash | $ 612,900 | ||
| (To record purchase of debt securities) | |||
| 06/30/2016 | Cash | $ 27,000 | |
| To Bond Investment - held to maturity | $ 645 | ||
| To Bond Interest Income | $ 26,355 | ||
| (To record receipt of interest income) | |||
| 12/31/2025 | Cash | $ 27,000 | |
| To Bond Investment - held to maturity | $ 645 | ||
| To Bond Interest Income | $ 26,355 | ||
| (To record receipt of interest income) | |||
| 12/31/2025 | Bond Investment - held to maturity | $ 600,000 | |
| To Cash | $ 600,000 | ||
| (To record redemption of bonds at maturity) |
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Accounting for Debt Securities- Held-to-Maturity
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HW 17-7-Debt Securities AS CORRECTED Presented below is an amortization schedue related to the Orlando Magic's...
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Exercise 15-4 Accounting for short-term held-to-maturity
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Prepare journal entries to record the following transactions
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On June 15, paid $278,000 cash to purchase Remedy’s 90-day
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On September 16, received a check from Remedy in payment of the
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Exercise 12.2 Securities held-to-maturity: bond investment; effective interest, premium (LO12-1) Mills Corporation acquired as a long-term...
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Chapter 1 Intercorporate Investments: An Overview Held-to-maturity securities are recorded at amortized cost which approximates fair market value. The Company evaluates whether the decline in fair value of its investments is other-than-temporary at each quarter-end. This evaluation consists of a review by management, and includes market pri information and maturity dates for the securities held, market and economic trends in the industry and information on the issuer's financial condition and, if applicable, information on the guarantors financial condition. Factors considered...
Exercise 15-4 Accounting for short-term held-to-maturity
securities LO P2
Prepare journal entries to record the following transactions
involving the short-term securities investments of Natura Co., all
of which occurred during year 2017.
On June 15, paid $278,000 cash to purchase Remedy’s 90-day
short-term debt securities ($278,000 principal), dated June 15,
that pay 5% interest (categorized as held-to-maturity
securities).
On September 16, received a check from Remedy in payment of the
principal and 90 days' interest on the debt securities purchased...
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