Current Attempt in Progress Your answer is partially correct. The following information relates to the debt investments of Martinez Inc. during a recent year: 1. On February 1, the company purchased Gibbons Corp. 10% bonds with a face value of $282,000 at 100 plus accrued interest. Interest is payable on April 1 and October 1. 2. On April 1, semi-annual interest was received on the Gibbons bonds. 3. 4. On June 15, Sampson Inc. 9% bonds were purchased. The $188,000 par-value bonds were purchased at 100 plus accrued interest. Interest dates are June 1 and December 1. On August 31, Gibbons bonds with a par value of $56,400 purchased on February 1 were sold at 99 plus accrued interest. 5. On October 1, semi-annual interest was received on the remaining Gibbons bonds. 6. On December 1, semi-annual interest was received on the Sampson bonds. 7. On December 31, the fair values of the bonds purchased on February 1 and June 15 were 98.5 and 101, respectively. Assume the investments are accounted for under the recognition and measurement requirements of IFRS 9 Financial Instruments. The company does not record interest income separately from other investment income or loss when investments are accounted for at FV- NI. Prepare all journal entries that you consider necessary, including December 31 year-end entries, assuming these investments are accounted for at FV-NI. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement. List all debit entries before credit entries.) Date Account Titles and Explanation Feb. 1 FV-NI Investments Interest Receivable Cash Apr. 1 Cash Interest Receivable Investment Income or Loss Jun. 15 FV-NI Investments Interest Receivable Cash Aug. 31 Cash Debit 282,000 9400 14100 188000 705 58186 Loss on Disposal of Investments FV-NI 564 Investment Income or Loss FV-NI Investments Oct. 1 Cash Investment Income or Loss Dec. 1 Cash Interest Receivable Investment Income or Loss Dec. 31 Interest Receivable Dec. 31 Investment Income or Loss (To accrue interest) 11280 8460 3384 Investment Income or Loss 4200 FV-NI Investments (To record fair value adjustment) Credit 291,400 4700 9400 188705 2350 56400 11280 705 7755 3384 4200