At December 31, 2027, the trading debt securities for Wildhorse, Inc. are as follows. Security Cost Fair Value A $17,900 $15,900 B C 12,300 13,900 22,600 18,500 $52,800 $48,300 (b) Show the balance sheet and income statement presentation at December 31, 2027, after adjustment to Wildhorse, Inc. Balance Sheet (Partial) December 31, 2027 > > $ Wildhorse, Inc. Income Statement (Partial) For the Year Ended December 31, 2027 eTextbook and Media List of Accounts $ Rucinace Accounting 5月 E

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At December 31, 2020, the available-for-sale debt portfolio for Windsor, Inc. is as follows. Security   Cost   Fair Value   UnrealizedGain (Loss) A   $27,125   $23,250   $(3,875 ) B   19,375   21,700   2,325   C   35,650   39,525   3,875   Total   $82,150   $84,475   2,325   Previous fair value adjustment balance—Dr.   620   Fair value adjustment—Dr.   $1,705   On January 20, 2021, Windsor, Inc. sold security A for $23,405. The sale proceeds are net of brokerage fees.   1). Prepare the adjusting entry at December 31, 2020, to report the portfolio at fair value. 2). Show the balance sheet presentation of the investment-related accounts at December 31, 2020

OurNewCO sold its Boring bond (AFS) for its fair value, $900,000) January 1, 2021. The balances from 12/31/2020 are follows: CASH REVENUE АMORT CV 885301 6/30/2020 50,000 53118.06 3,118 888,419 12/31/2020 50,000 53305.14 3,305 891,724 On 12/31/2020 the FV adjustment account had a debit balance of $8276. The face amount of the Boring Bonds is $1,000,000. Write out the journal entries needed to record this sale. Then complete the statements below.

8. On January 1,2020, Care Company purchased Bay Cormpany's 9% bonds with a face amount of P4000,000 for P3,756000 to yield to 10%. The bonds are dated Jonvary 1,2020,mature on December 31,2029, and pay interest annualy on December 31. Care uses the interest method. Whatamount should Care report as interest revenve for 20207 Q. 400,000 b. 344,400 C. 360,000 d. 375,600 purchosed P5.000.000 foce omount.8% bonoS of

P16.1 (LO 1) (Debt Securities) Presented below is an amortization schedule related to Spangler Company's 5-year, $100,000 bond with a 7% interest rate and a 5% yield, purchased on December 31, 2023, for $108,660. Date Cash Received 12/31/23 12/31/24 $7,000 12/31/25 7,000 12/31/26 7,000 12/31/27 12/31/28 7,000 7,000 Interest Revenue $5,433 5,354 5,272 5,186 5,095 Bond Premium Amortization The following schedule presents a comparison of the amortized cost and fair value of the bonds at year-end. Instructions Amortized cost Fair value 12/31/24 $107,093 106,500 12/31/25 $105,447 107,500 $1,567 1,646 1,728 1,814 1,905 Carrying Amount of Bonds $108,660 107,093 105,447 103,719 101,905 100,000 12/31/26 $103,719 105,650 12/31/27 $101,905 103,000 a. Prepare the journal entry to record the purchase of these bonds on December 31, 2023, assuming the bonds are classified as held-to-maturity securities. b. Prepare the journal entry (entries) related to the held-to-maturity bonds for 2024. c. Prepare…

On December 31, 2018, Marsh Company held Xenon Company bonds in its portfolio of available-for-sale securities. The bonds have a par value of $14,000, carry a 10% annual interest rate, mature in 2025, and had originally been purchased at par. The market value of the bonds at December 31, 2018 was $12,000. The December 31, 2018, balance sheet showed the following:   Marsh Company Partial Balance Sheet December 31, 2018 1 Assets   2 Investment in Available-for-Sale Securities $14,000.00 3 Less: Allowance for Change in Fair Value of Investment (2,000.00) 4   $12,000.00 5 Shareholders’ Equity:   6 Unrealized Holding Gain/Loss $(2,000.00)       On January 1, 2019, Marsh acquired bonds of Yellow Company with a par value of $16,000 for $16,200. The Yellow Company bonds carry an annual interest rate of 12% and mature on December 31, 2023. Additionally, Marsh acquired Zebra Company bonds with a face value of 19,000 for…

B. On 1 July 2021, Zackry Berhad issued 8 percent bonds of nominal value RM24,000,000 at a discount of 10 percent. Transaction cost incurred amounted RM120,000. The effective rate is 5 percent and interest date is 30 June every year. The market price of bonds in year 2021 and 2022 are shown below: 30 June 2021 30 June 2022 The liability is measured at fair value. Required: Prepare the journal entries for the issuance bonds and payment of interest for the year ended 30 June 2021 and 30 June 2022. RM23,400,000 RM24,800,000

Prepare adjusting entry to record fair value, and indicate statement presentation. E16.11 (LO 3), AP Financial Statement Writing At December 31, 2022, available-for-sale debt securities for Storrer, Inc. are as follows. The securities are considered to be a long-term investment. Fair Value $16,000 14,000 21,000 $51,000 Security A B с Cost $17,500 12,500 23,000 $53,000 Instructions a. Prepare the adjusting entry at December 31, 2022, to report the securities at fair value. b. Show the statement presentation at December 31, 2022, after adjustment to fair value. c. E. Kretsinger, a member of the board of directors, does not understand the reporting of the unreal- ized gains or losses. Write a letter to Ms. Kretsinger explaining the reporting and the purposes that it serves.