On June 29, 2024 the Forte Mutual Fund purchased $200,000 of 10-year Marge Maturity 4.5% bonds....

 

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On June 29, 2024 the Forte Mutual Fund purchased $200,000 of 10-year Marge Maturity 4.5% bonds. The purchase price was 103 and the coupon dates are June 1 and December 1. The Days to Maturity are 3600 days. Settlement date: July 1. Required: Record all of the necessary entries on the dates listed below. Assume each month has 30 days and each year has 360 days. Be sure to show the appropriate daily entries on the dates below. 1. Compute any purchased interest. Days from June 1, 2024 to June 30, 2024 (day before settlement) 30 days. Record the journal entry on T+1. Record the journal entries on T+2 (Hint: Make 3 different entries). Hint: Don't forget to starting accruing interest and amortizing the premium. On which date(s) is the NAV impacted and why is it impacted on that date(s)? On June 29, 2024 the Forte Mutual Fund purchased $200,000 of 10-year Marge Maturity 4.5% bonds. The purchase price was 103 and the coupon dates are June 1 and December 1. The Days to Maturity are 3600 days. Settlement date: July 1. Required: Record all of the necessary entries on the dates listed below. Assume each month has 30 days and each year has 360 days. Be sure to show the appropriate daily entries on the dates below. 1. Compute any purchased interest. Days from June 1, 2024 to June 30, 2024 (day before settlement) 30 days. Record the journal entry on T+1. Record the journal entries on T+2 (Hint: Make 3 different entries). Hint: Don't forget to starting accruing interest and amortizing the premium. On which date(s) is the NAV impacted and why is it impacted on that date(s)?