Dashboard - Columbia College x Homework 3-ACCT 281 DEA - M Question 2- Homework 3 - Cor X + 个→ CA News Natalie Body Wraps New Tab New Folder Gmail YouTube ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms. Maps MSDS Search | MSD... Homework 3 Saved 2 Part 1 of 3 3 points eBook Print References Required Information. Problem 15-2A (Algo) Recording, adjusting, and reporting available-for-sale debt securities LO P3 [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. Year 1 January 20 Purchased Johnson & Johnson bonds for $21,000. February 9 Purchased Sony notes for $55,890. June 12 Purchased Mattel bonds for $41,000. December 31 Fair values for debt in the portfolio are Johnson & Johnson, $22,100; Sony, $46,650; and Mattel, $52,950. Year 2 April 15 Sold all of the Johnson & Johnson bonds for $24,000. July 5 Sold all of the Mattel bonds for $36,200. July 22 Purchased Sara Lee notes for $13,900. August 19 Purchased Kodak bonds for $15,650. December 31 Fair values for debt in the portfolio are Kodak, $17,500; Sara Lee, $12,500; and Sony, $60,000. Year 3 February 27 Purchased Microsoft bonds for $159,600. June 21 Sold all of the Sony notes for $58,000. June 30 Purchased Black & Decker bonds for $50,900. August 3 Sold all of the Sara Lee notes for $10,200. November 1 Sold all of the Kodak bonds for $20,800. December 31 Fair values for debt in the portfolio are Black & Decker, $54,900; and Microsoft, $158,700. Mc Graw Mill 74°F Cloudy Problem 15-2A (Algo) Part 1 Required: 1 Prenare loumal entries to record these transactions and the year-end fair value ad istments to the nortfolio of long-term available. 3 Q Search 8 5 6 7 9 W E R T L 2 пр 8 a
Dashboard - Columbia College x Homework 3-ACCT 281 DEA - M Question 2- Homework 3 - Cor X + 个→ CA News Natalie Body Wraps New Tab New Folder Gmail YouTube ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms. Maps MSDS Search | MSD... Homework 3 Saved 2 Part 1 of 3 3 points eBook Print References Required Information. Problem 15-2A (Algo) Recording, adjusting, and reporting available-for-sale debt securities LO P3 [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. Year 1 January 20 Purchased Johnson & Johnson bonds for $21,000. February 9 Purchased Sony notes for $55,890. June 12 Purchased Mattel bonds for $41,000. December 31 Fair values for debt in the portfolio are Johnson & Johnson, $22,100; Sony, $46,650; and Mattel, $52,950. Year 2 April 15 Sold all of the Johnson & Johnson bonds for $24,000. July 5 Sold all of the Mattel bonds for $36,200. July 22 Purchased Sara Lee notes for $13,900. August 19 Purchased Kodak bonds for $15,650. December 31 Fair values for debt in the portfolio are Kodak, $17,500; Sara Lee, $12,500; and Sony, $60,000. Year 3 February 27 Purchased Microsoft bonds for $159,600. June 21 Sold all of the Sony notes for $58,000. June 30 Purchased Black & Decker bonds for $50,900. August 3 Sold all of the Sara Lee notes for $10,200. November 1 Sold all of the Kodak bonds for $20,800. December 31 Fair values for debt in the portfolio are Black & Decker, $54,900; and Microsoft, $158,700. Mc Graw Mill 74°F Cloudy Problem 15-2A (Algo) Part 1 Required: 1 Prenare loumal entries to record these transactions and the year-end fair value ad istments to the nortfolio of long-term available. 3 Q Search 8 5 6 7 9 W E R T L 2 пр 8 a
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Dashboard - Columbia College x
Homework 3-ACCT 281 DEA -
M Question 2- Homework 3 - Cor X
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CA
News
Natalie Body Wraps
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Homework 3
Saved
2
Part 1 of 3
3
points
eBook
Print
References
Required Information.
Problem 15-2A (Algo) Recording, adjusting, and reporting available-for-sale debt securities LO P3
[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.
Year 1
January 20 Purchased Johnson & Johnson bonds for $21,000.
February 9 Purchased Sony notes for $55,890.
June 12 Purchased Mattel bonds for $41,000.
December 31 Fair values for debt in the portfolio are Johnson & Johnson, $22,100; Sony, $46,650; and Mattel, $52,950.
Year 2
April 15 Sold all of the Johnson & Johnson bonds for $24,000.
July 5 Sold all of the Mattel bonds for $36,200.
July 22 Purchased Sara Lee notes for $13,900.
August 19 Purchased Kodak bonds for $15,650.
December 31 Fair values for debt in the portfolio are Kodak, $17,500; Sara Lee, $12,500; and Sony, $60,000.
Year 3
February 27 Purchased Microsoft bonds for $159,600.
June 21 Sold all of the Sony notes for $58,000.
June 30 Purchased Black & Decker bonds for $50,900.
August 3 Sold all of the Sara Lee notes for $10,200.
November 1 Sold all of the Kodak bonds for $20,800.
December 31 Fair values for debt in the portfolio are Black & Decker, $54,900; and Microsoft, $158,700.
Mc
Graw
Mill
74°F
Cloudy
Problem 15-2A (Algo) Part 1
Required:
1 Prenare loumal entries to record these transactions and the year-end fair value ad istments to the nortfolio of long-term available.
<Prev
2 3
or 10
Next >
3
Q Search
8
5
6
7
9
W
E
R
T
L
2
пр
8
a](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd7c1cba4-6a5b-4e28-bc22-e8ae97be4d1b%2Fef598a21-5be6-45de-bce8-6d799cfea207%2Fs1qkd6q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Dashboard - Columbia College x
Homework 3-ACCT 281 DEA -
M Question 2- Homework 3 - Cor X
+
个→
CA
News
Natalie Body Wraps
New Tab
New Folder
Gmail
YouTube
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.
Maps MSDS Search | MSD...
Homework 3
Saved
2
Part 1 of 3
3
points
eBook
Print
References
Required Information.
Problem 15-2A (Algo) Recording, adjusting, and reporting available-for-sale debt securities LO P3
[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.
Year 1
January 20 Purchased Johnson & Johnson bonds for $21,000.
February 9 Purchased Sony notes for $55,890.
June 12 Purchased Mattel bonds for $41,000.
December 31 Fair values for debt in the portfolio are Johnson & Johnson, $22,100; Sony, $46,650; and Mattel, $52,950.
Year 2
April 15 Sold all of the Johnson & Johnson bonds for $24,000.
July 5 Sold all of the Mattel bonds for $36,200.
July 22 Purchased Sara Lee notes for $13,900.
August 19 Purchased Kodak bonds for $15,650.
December 31 Fair values for debt in the portfolio are Kodak, $17,500; Sara Lee, $12,500; and Sony, $60,000.
Year 3
February 27 Purchased Microsoft bonds for $159,600.
June 21 Sold all of the Sony notes for $58,000.
June 30 Purchased Black & Decker bonds for $50,900.
August 3 Sold all of the Sara Lee notes for $10,200.
November 1 Sold all of the Kodak bonds for $20,800.
December 31 Fair values for debt in the portfolio are Black & Decker, $54,900; and Microsoft, $158,700.
Mc
Graw
Mill
74°F
Cloudy
Problem 15-2A (Algo) Part 1
Required:
1 Prenare loumal entries to record these transactions and the year-end fair value ad istments to the nortfolio of long-term available.
<Prev
2 3
or 10
Next >
3
Q Search
8
5
6
7
9
W
E
R
T
L
2
пр
8
a
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