Torres Investments acquired $260,800 of Murphy Corp., 9% bonds at their face amount on October 1, Year 1. The bonds pay interest on October 1 and April 1. On April 1, Year 2, Torres sold $72,400 of Murphy Corp. bonds at 102. Journalize the entries to record the following: Do not round interim calculations. Round final answers to nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. a.  The initial acquisition of the Murphy Corp. bonds on October 1, Year 1. Year 1, Oct. 1   fill in the blank 71bd05f45f95fbb_2         fill in the blank 71bd05f45f95fbb_4 b.  The adjusting entry for three months of accrued interest earned on the Murphy Corp. bonds on December 31, Year 1. Year 1, Dec. 31   fill in the blank 96c81afb2ff8068_2         fill in the blank 96c81afb2ff8068_4 c.  The receipt of semiannual interest on April 1, Year 2. Year 2, Apr. 1   fill in the blank d8c23f06e01002a_2 fill in the blank d8c23f06e01002a_3     fill in the blank d8c23f06e01002a_5 fill in the blank d8c23f06e01002a_6     fill in the blank d8c23f06e01002a_8 fill in the blank d8c23f06e01002a_9 d.  The sale of $72,400 of Murphy Corp. bonds on April 1, Year 2, at 102. Year 2, Apr. 1   fill in the blank c68af10a0fe3038_2 fill in the blank c68af10a0fe3038_3     fill in the blank c68af10a0fe3038_5 fill in the blank c68af10a0fe3038_6

Prepare entries to record the following non-strategic investment transactions of Arrowhead Investment Corporation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) 2023 Mar. 1 Paid $67,980 to purchase a $67,000, two-year, 7.0% bond payable of Action Corporation dated March 1. There was a $95 transaction fee included in the above - noted payment amount. Interest is paid quarterly beginning June 1. Management intends to actively trade bond purchases. Apr. 16 Bought 2,700 common shares of Brandon Motors at $27.00. There was a $95 transaction fee included in the above-noted payment amount. May 2 Paid $52,968 to purchase a five-year, 4.50%, $ 54,000 bond payable of Collingwood Corporation. There was a $95 transaction fee included in the above-noted payment amount. Interest is paid annually each April 30. June 1 Received a…

now.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false < 3. eBook If an amount box does not require an entry, leave it blank. 1. 2. Show Me How On the first day of its fiscal year, Chin Company issued $26,800,000 of five-year, 11% bonds to finance its operations of producing and selling home improvement products. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 13%, resulting in Chin receiving cash of $24,873,499. a. Journalize the entries to record the following: 1. Issuance of the bonds. 2. First semiannual interest payment. The bond discount is combined with the semiannual interest payment. (Round your answer to the nearest dollar.) 3. Second semiannual interest payment. The bond discount is combined with the semiannual interest payment. (Round your answer to the nearest dollar.) Check My Work A 000 000 000 000 000 000 b. Determine the amount of the bond interest expense for the first…

Instructions On January 1, Valuation Allowance for Available for Sale investments had a zero balance On December 21, the cost of the available for sale securities was $78,400, and the fair value was $72,290 Prepare the adjusting entry to record the unrealized gain or loss on available-for-sale investments on December 31. Refer to the Chart of Accounts for exact wording of account tities.