Prepare entries to record the following non-strategic investment transactions of Wiki Garden Tool Inc. Assume each bond acquired is purchased with the intention to actively trade.

Analysis Component: How would the financial statements have been affected differently if the dividends received on June 15 were from a significant influence investment or investment in associate as opposed to a non-strategic investment?

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2020 Paid $120,000, plus $200 in transaction fees to purchase a $124,000, four-year, 3% bond payable of Capital Inc. dated Feb. 1. Interest is paid semiannually beginning August 1. Feb. Bought 100,000 common shares of Regina Inc. for a total of $85,600, plus paid an extra $500 for transaction Mar. 29 fees. Regina Inc's board of directors declared a total dividend of $525,000 regarding the total 3,500,000 shares issued and outstanding. The date of record is May 30, payable June 15. May Paid $139,000 including $500 in transaction fees to purchase a five-year, 6%, $136,000 bond payable of Yates Corporation. Interest is paid annually each May 30. June 15 Received a cheque regarding the dividends declared on May 7. Aug. Received a cheque from Capital Inc. regarding semiannual interest. Sold the Capital Inc. bond at 98. Purchased 75,000 Tech Inc. common shares at $6.00 plus $400 in transaction fees. Sold 75,000 of the Regina Inc. shares at $0.95 and incurred $250 in transaction fees. 17 Dec. Accrued interest on the Yates bond. Fair values of the equity securities on this date were Regina, $0.95; Tech Inc., $5.50. Assume that the carrying value of the Yates bond was equal to its fair value. 31 2021 May 30 Received a cheque from Yates Corporation regarding annual interest.