Question: 5 Please do only 5 . 2 0 , 5 . 2 1 , and 5 . 2 4 . 2 0 Corporation F purchases

5 Please do only 5.20,5.21, and 5.24
.20 Corporation F purchases a $130,000 par, 10% bond at 10 annually on December 31 and the bond matures in 5 years.
(a) Prepare the required entries January 1 and December 31.
(b) Determine the net interest revenue for the year.
(c) Show how this bond would be presented on the balance sheet on December 31,19A.
5.21 A 4-year, $170,000 bond is purchased at 104 on January 1,19A. After 3 years elapse, the bond is sold at par. Prepare the entry for the sale.
[Section 5.7]
be the journal
[Section 5.7]
Parent Company purchases 40% of Subsidiary Company's 200,000 shares for $240,000. During the year, Subsidiary earns net income of $40,000 and distributes cash dividends of 20 cents per share. This purchase is considered a long-term investment. If no significant influence was acquired, then prepare the necessary journal entries and show the investment account.
5.23 Assume the same information as in the previous problem except that significant influence has been acquired. Pre
5.24 Company G purchases 250 shares of stock at $20 per share. It then receives a 10% stock dividend. Several months later it decides to sell 50 shares at $18 per share.
(a) After the stock dividend, what was the new cost per share?
(b) Prepare any necessary journal entries for these transactions.
 5 Please do only 5.20,5.21, and 5.24 .20 Corporation F purchases

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