Hello. I need a little help with a few problems. Figured I would just send them all to you directly since you helped me so much last week. I've attached the file with the problems. If possible i could use these before the deadline if not its ok by the deadline will work.

Shamrock Corporation purchased for $288,000 a 25% interest in Murphy, Inc. This investment enables Shamrock to exert significant influence over Murphy. During the year, Murphy earned net income of $173,000 and paid dividends of $54,000. Prepare Shamrock's journal entries related to this investment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit (To record the purchase.) (To record the net income.) (To record the dividend.) Windsor Company invests $10,100,000 in 5% fixed rate corporate bonds on January 1, 2017. All the bonds are classified as available-for-sale and are purchased at par. At year-end, market interest rates have declined, and the fair value of the bonds is now $10,675,000. Interest is paid on January 1. Prepare journal entries for Windsor Company to (a) record the transactions related to these bonds in 2017, assuming Windsor does not elect the fair option; and (b) record the transactions related to these bonds in 2017, assuming that Windsor Company elects the fair value option to account for these bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No Date Account Titles and Debit Credit . Explanation (a) (To record interest revenue) (To record fair value adjustment) No . Date Account Titles and Explanation Debit Credit (b) (To record interest revenue) (To record fair value adjustment) Brief Exercise 17-13 Presented below are two independent cases related to available-for-sale debt investments. Case 1 Case 2 $36,310 $105,500 Fair value 27,230 114,530 Expected credit losses 22,700 98,260 Amortized cost For each case, determine the amount of impairment loss, if any. (If no loss, please enter 0. Do not leave any fields blank.) Case 1 $ Impairment Loss Case 2 $ Impairment Loss The following are two independent situations. Situation 1 Bramble Cosmetics acquired 10% of the 215,000 shares of common stock of Martinez Fashion at a total cost of $12 per share on March 18, 2017. On June 30, Martinez declared and paid $74,400 cash dividend to all stockholders. On December 31, Martinez reported net income of $133,600 for the year. At December 31, the market price of Martinez Fashion was $13 per share. Situation 2 Sunland, Inc. obtained significant influence over Seles Corporation by buying 30% of Seles's 28,500 outstanding shares of common stock at a total cost of $9 per share on January 1, 2017. On June 15, Seles declared and paid cash dividends of $35,400. On December 31, Seles reported a net income of $91,800 for the year. Prepare all necessary journal entries in 2017 for both situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Situation 1: Bramble Cosmetics Credit Situation 2: Sunland, Inc Pina Corporation has municipal bonds classified as a held-to-maturity at December 31, 2017. These bonds have a par value of $876,000, an amortized cost of $876,000, and a fair value of $795,000. The company believes that impairment accounting is now appropriate for these bonds. Prepare the journal entry to recognize the impairment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit (To record the impairment.) SHOW LIST OF ACCOUNTS LINK TO TEXT What is the new cost basis of the municipal bonds? $ New cost basis of the municipal bonds Given that the maturity value of the bonds is $876,000, should Pina Corporation amortize the difference between the carrying amount and the maturity value over the life of the bonds? SHOW LIST OF ACCOUNTS LINK TO TEXT At December 31, 2018, the fair value of the municipal bonds is $831,000. Prepare the entry (if any) to record this information. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit On August 15, 2016, Splish Co. invested idle cash by purchasing a call option on Counting Crows Inc. common shares for $684. The notional value of the call option is 760 shares, and the option price is $76. The option expires on January 31, 2017. The following data are available with respect to the call option. Market Price of Counting Crows Shares Time Value of Call Option September 30, 2016 $91 per share $342 December 31, 2016 $87 per share 124 January 15, 2017 $89 per share 57 Date Prepare the journal entries for Splish for the following dates. (a) Investment in call option on Counting Crows shares on August 15, 2016. (b) September 30, 2016Splish prepares financial statements. (c) December 31, 2016Splish prepares financial statements. (d) January 15, 2017Splish settles the call option on the Counting Crows shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No . Date Account Titles and Explanation (a) (b) (To record the change in intrinsic value.) (To record the time value change.) (c) Debit Credit (To record the change in intrinsic value.) (To record the time value change.) (d) (To record the time value change.) Shamrock Corporation purchased for $288,000 a 25% interest in Murphy, Inc. This investment enables Shamrock to exert significant influence over Murphy. During the year, Murphy earned net income of $173,000 and paid dividends of $54,000. Prepare Shamrock's journal entries related to this investment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit investment in murphy stock Credit 288,000 cash 288,000 (To record the purchase.) investment in m 43250 revenue from 43250 (To record the net income.) cash 13500 investment in m 13500 (To record the dividend.) Windsor Company invests $10,100,000 in 5% fixed rate corporate bonds on January 1, 2017. All the bonds are classified as available-for-sale and are purchased at par. At year-end, market interest rates have declined, and the fair value of the bonds is now $10,675,000. Interest is paid on January 1. Prepare journal entries for Windsor Company to (a) record the transactions related to these bonds in 2017, assuming Windsor does not elect the fair option; and (b) record the transactions related to these bonds in 2017, assuming that Windsor Company elects the fair value option to account for these bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No Date Account Titles and Debit Credit . Explanation (a) (To record interest revenue) (To record fair value adjustment) No . Date Account Titles and Explanation Debit Credit (b) (To record interest revenue) (To record fair value adjustment) Brief Exercise 17-13 Presented below are two independent cases related to available-for-sale debt investments. Case 1 Case 2 $36,310 $105,500 Fair value 27,230 114,530 Expected credit losses 22,700 98,260 Amortized cost For each case, determine the amount of impairment loss, if any. (If no loss, please enter 0. Do not leave any fields blank.) Case 1 $ Impairment Loss 9080 Case 2 $ Impairment Loss 0 The following are two independent situations. Situation 1 Bramble Cosmetics acquired 10% of the 215,000 shares of common stock of Martinez Fashion at a total cost of $12 per share on March 18, 2017. On June 30, Martinez declared and paid $74,400 cash dividend to all stockholders. On December 31, Martinez reported net income of $133,600 for the year. At December 31, the market price of Martinez Fashion was $13 per share. Situation 2 Sunland, Inc. obtained significant influence over Seles Corporation by buying 30% of Seles's 28,500 outstanding shares of common stock at a total cost of $9 per share on January 1, 2017. On June 15, Seles declared and paid cash dividends of $35,400. On December 31, Seles reported a net income of $91,800 for the year. Prepare all necessary journal entries in 2017 for both situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Situation 1: Bramble Cosmetics Mar. 18, 2017 available for s cash cash 258000 258000 June 30, 2017 7440 dividend reven Dec. 31, 2017 7440 securities fair 21500 unrealized hol 21500 Situation 2: Sunland, Inc Jan. 1, 2017 investment in s 76950 cash June 15, 2017 76950 cash 10620 investment in s Dec. 31, 2017 10620 investment in s 27540 revenue 27540 Pina Corporation has municipal bonds classified as a held-to-maturity at December 31, 2017. These bonds have a par value of $876,000, an amortized cost of $876,000, and a fair value of $795,000. The company believes that impairment accounting is now appropriate for these bonds. Prepare the journal entry to recognize the impairment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Loss on impair 81000 debt investme 81000 (To record the impairment.) SHOW LIST OF ACCOUNTS LINK TO TEXT What is the new cost basis of the municipal bonds? $ New cost basis of the municipal bonds 795,000 Given that the maturity value of the bonds is $876,000, should Pina Corporation amortize the difference between the carrying amount and the maturity value over the life of the bonds? No SHOW LIST OF ACCOUNTS LINK TO TEXT At December 31, 2018, the fair value of the municipal bonds is $831,000. Prepare the entry (if any) to record this information. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation debt investme Debit Credit 36000 recovery of im 36000 On August 15, 2016, Splish Co. invested idle cash by purchasing a call option on Counting Crows Inc. common shares for $684. The notional value of the call option is 760 shares, and the option price is $76. The option expires on January 31, 2017. The following data are available with respect to the call option. Market Price of Counting Crows Shares Time Value of Call Option September 30, 2016 $91 per share $342 December 31, 2016 $87 per share 124 January 15, 2017 $89 per share 57 Date Prepare the journal entries for Splish for the following dates. (a) Investment in call option on Counting Crows shares on August 15, 2016. (b) September 30, 2016Splish prepares financial statements. (c) December 31, 2016Splish prepares financial statements. (d) January 15, 2017Splish settles the call option on the Counting Crows shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No . Date Account Titles and Explanation (a) (b) (To record the change in intrinsic value.) (To record the time value change.) (c) Debit Credit (To record the change in intrinsic value.) (To record the time value change.) (d) (To record the time value change.) \fSituation 1 Bramble Cosmetics acquired 10% of the 215,000 shares of common stock of Martinez Fashion at a total cost of $12 per share on March 18, 2017. On June 30, Martinez declared and paid $74,400 cash dividend to all stockholders. On December 31, Martinez reported net income of $133,600 for the year. At December 31, the market price of Martinez Fashion was $13 per share. Situation 2 Sunland, Inc. obtained significant influence over Seles Corporation by buying 30% of Seles's 28,500 outstanding shares of common stock at a total cost of $9 per share on January 1, 2017. On June 15, Seles declared and paid cash dividends of $35,400. On December 31, Seles reported a net income of $91,800 for the year. Windsor Company invests $10,100,000 in 5% fixed rate corporate bonds on January 1, 2017. All the bonds are classified as available-for-sale and are purchased at par. At year-end, market interest rates have declined, and the fair value of the bonds is now $10,675,000. Interest is paid on January 1. Prepare journal entries for Windsor Company to (a) record the transactions related to these bonds in 2017, assuming Windsor does not elect the fair option; and (b) record the transactions related to these bonds in 2017, assuming that Windsor Company elects the fair value option to account for these bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No . (a) Date Jan. 1, 2017 Account Titles and Explanation 5% corporate Debit 10,100,000 cash Dec. 31, 2017 Interest receiv Credit 10,100,000 505000 Interest Incom 505000 (To record interest revenue) Available for s 575000 Comprehensiv 575000 (To record fair value adjustment) No . (b) Date Jan. 1, 2017 Account Titles and Explanation 5% corporate Debit 10,100,000 cash Dec. 31, 2017 Interest receiv Interest Incom Credit 10,100,000 505000 505000 (To record interest revenue) 5% Corporate 575000 Profit & Loss 575000 (To record fair value adjustment) On August 15, 2016, Splish Co. invested idle cash by purchasing a call option on Counting Crows Inc. common shares for $684. The notional value of the call option is 760 shares, and the option price is $76. The option expires on January 31, 2017. The following data are available with respect to the call option. Market Price of Counting Crows Shares Time Value of Call Option September 30, 2016 $91 per share $342 December 31, 2016 $87 per share 124 January 15, 2017 $89 per share 57 Date Prepare the journal entries for Splish for the following dates. (a) Investment in call option on Counting Crows shares on August 15, 2016. (b) September 30, 2016Splish prepares financial statements. (c) December 31, 2016Splish prepares financial statements. (d) January 15, 2017Splish settles the call option on the Counting Crows shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No . (a) Date Aug. 15, 2016 Account Titles and Explanation Call option Debit 684 cash (b) Sep. 30, 2016 Call option Unrealized Ho (To record the change in intrinsic Credit 684 11400 11400 value.) Unrealized Ho 342 Call option 342 (To record the time value change.) (c) Dec. 31, 2016 Unrealized Ho 3040 Call option 3040 (To record the change in intrinsic value.) Unrealized Ho 218 Call option 218 (To record the time value change.) (d) Jan. 15, 2017 Unrealized Ho 67 Call option 67 (To record the time value change.) cash Gain on Settle 9880 1474 Call option 8406 Shamrock Corporation purchased for $288,000 a 25% interest in Murphy, Inc. This investment enables Shamrock to exert significant influence over Murphy. During the year, Murphy earned net income of $173,000 and paid dividends of $54,000. Prepare Shamrock's journal entries related to this investment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit investment in murphy stock Credit 288,000 cash 288,000 (To record the purchase.) investment in m 43250 revenue from 43250 (To record the net income.) cash 13500 investment in m 13500 (To record the dividend.) Windsor Company invests $10,100,000 in 5% fixed rate corporate bonds on January 1, 2017. All the bonds are classified as available-for-sale and are purchased at par. At year-end, market interest rates have declined, and the fair value of the bonds is now $10,675,000. Interest is paid on January 1. Prepare journal entries for Windsor Company to (a) record the transactions related to these bonds in 2017, assuming Windsor does not elect the fair option; and (b) record the transactions related to these bonds in 2017, assuming that Windsor Company elects the fair value option to account for these bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No Date Account Titles and Debit Credit . Explanation (a) (To record interest revenue) (To record fair value adjustment) No . Date Account Titles and Explanation Debit Credit (b) (To record interest revenue) (To record fair value adjustment) Brief Exercise 17-13 Presented below are two independent cases related to available-for-sale debt investments. Case 1 Case 2 $36,310 $105,500 Fair value 27,230 114,530 Expected credit losses 22,700 98,260 Amortized cost For each case, determine the amount of impairment loss, if any. (If no loss, please enter 0. Do not leave any fields blank.) Case 1 $ Impairment Loss 9080 Case 2 $ Impairment Loss 0 The following are two independent situations. Situation 1 Bramble Cosmetics acquired 10% of the 215,000 shares of common stock of Martinez Fashion at a total cost of $12 per share on March 18, 2017. On June 30, Martinez declared and paid $74,400 cash dividend to all stockholders. On December 31, Martinez reported net income of $133,600 for the year. At December 31, the market price of Martinez Fashion was $13 per share. Situation 2 Sunland, Inc. obtained significant influence over Seles Corporation by buying 30% of Seles's 28,500 outstanding shares of common stock at a total cost of $9 per share on January 1, 2017. On June 15, Seles declared and paid cash dividends of $35,400. On December 31, Seles reported a net income of $91,800 for the year. Prepare all necessary journal entries in 2017 for both situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Situation 1: Bramble Cosmetics Mar. 18, 2017 available for s cash cash 258000 258000 June 30, 2017 7440 dividend reven Dec. 31, 2017 7440 securities fair 21500 unrealized hol 21500 Situation 2: Sunland, Inc Jan. 1, 2017 investment in s 76950 cash June 15, 2017 76950 cash 10620 investment in s Dec. 31, 2017 10620 investment in s 27540 revenue 27540 Pina Corporation has municipal bonds classified as a held-to-maturity at December 31, 2017. These bonds have a par value of $876,000, an amortized cost of $876,000, and a fair value of $795,000. The company believes that impairment accounting is now appropriate for these bonds. Prepare the journal entry to recognize the impairment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Loss on impair 81000 debt investme 81000 (To record the impairment.) SHOW LIST OF ACCOUNTS LINK TO TEXT What is the new cost basis of the municipal bonds? $ New cost basis of the municipal bonds 795,000 Given that the maturity value of the bonds is $876,000, should Pina Corporation amortize the difference between the carrying amount and the maturity value over the life of the bonds? No SHOW LIST OF ACCOUNTS LINK TO TEXT At December 31, 2018, the fair value of the municipal bonds is $831,000. Prepare the entry (if any) to record this information. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation debt investme Debit Credit 36000 recovery of im 36000 On August 15, 2016, Splish Co. invested idle cash by purchasing a call option on Counting Crows Inc. common shares for $684. The notional value of the call option is 760 shares, and the option price is $76. The option expires on January 31, 2017. The following data are available with respect to the call option. Market Price of Counting Crows Shares Time Value of Call Option September 30, 2016 $91 per share $342 December 31, 2016 $87 per share 124 January 15, 2017 $89 per share 57 Date Prepare the journal entries for Splish for the following dates. (a) Investment in call option on Counting Crows shares on August 15, 2016. (b) September 30, 2016Splish prepares financial statements. (c) December 31, 2016Splish prepares financial statements. (d) January 15, 2017Splish settles the call option on the Counting Crows shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No . Date Account Titles and Explanation (a) (b) (To record the change in intrinsic value.) (To record the time value change.) (c) Debit Credit (To record the change in intrinsic value.) (To record the time value change.) (d) (To record the time value change.) \fSituation 1 Bramble Cosmetics acquired 10% of the 215,000 shares of common stock of Martinez Fashion at a total cost of $12 per share on March 18, 2017. On June 30, Martinez declared and paid $74,400 cash dividend to all stockholders. On December 31, Martinez reported net income of $133,600 for the year. At December 31, the market price of Martinez Fashion was $13 per share. Situation 2 Sunland, Inc. obtained significant influence over Seles Corporation by buying 30% of Seles's 28,500 outstanding shares of common stock at a total cost of $9 per share on January 1, 2017. On June 15, Seles declared and paid cash dividends of $35,400. On December 31, Seles reported a net income of $91,800 for the year. Windsor Company invests $10,100,000 in 5% fixed rate corporate bonds on January 1, 2017. All the bonds are classified as available-for-sale and are purchased at par. At year-end, market interest rates have declined, and the fair value of the bonds is now $10,675,000. Interest is paid on January 1. Prepare journal entries for Windsor Company to (a) record the transactions related to these bonds in 2017, assuming Windsor does not elect the fair option; and (b) record the transactions related to these bonds in 2017, assuming that Windsor Company elects the fair value option to account for these bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No . (a) Date Jan. 1, 2017 Account Titles and Explanation 5% corporate Debit 10,100,000 cash Dec. 31, 2017 Interest receiv Credit 10,100,000 505000 Interest Incom 505000 (To record interest revenue) Available for s 575000 Comprehensiv 575000 (To record fair value adjustment) No . (b) Date Jan. 1, 2017 Account Titles and Explanation 5% corporate Debit 10,100,000 cash Dec. 31, 2017 Interest receiv Interest Incom Credit 10,100,000 505000 505000 (To record interest revenue) 5% Corporate 575000 Profit & Loss 575000 (To record fair value adjustment) On August 15, 2016, Splish Co. invested idle cash by purchasing a call option on Counting Crows Inc. common shares for $684. The notional value of the call option is 760 shares, and the option price is $76. The option expires on January 31, 2017. The following data are available with respect to the call option. Market Price of Counting Crows Shares Time Value of Call Option September 30, 2016 $91 per share $342 December 31, 2016 $87 per share 124 January 15, 2017 $89 per share 57 Date Prepare the journal entries for Splish for the following dates. (a) Investment in call option on Counting Crows shares on August 15, 2016. (b) September 30, 2016Splish prepares financial statements. (c) December 31, 2016Splish prepares financial statements. (d) January 15, 2017Splish settles the call option on the Counting Crows shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No . (a) Date Aug. 15, 2016 Account Titles and Explanation Call option Debit 684 cash (b) Sep. 30, 2016 Call option Unrealized Ho (To record the change in intrinsic Credit 684 11400 11400 value.) Unrealized Ho 342 Call option 342 (To record the time value change.) (c) Dec. 31, 2016 Unrealized Ho 3040 Call option 3040 (To record the change in intrinsic value.) Unrealized Ho 218 Call option 218 (To record the time value change.) (d) Jan. 15, 2017 Unrealized Ho 67 Call option 67 (To record the time value change.) cash Gain on Settle 9880 1474 Call option 8406