I need help with the ones marked with a red x next to them thank you! i listed the terms to help with the entries.

Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Prepare the joumal entry to record Tanner-UNF's investment in the bonds on July 1, 2024 and interest on December 31 , 2024, at the effective (market) rate. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in milions rounded to 1 decimal place, (i.e., 5,500,000 should be entered as 5.5). Show less A Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2,2025 , for $240.0 million. Prepare the journal entry to record the sale. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in millions rounded to 1 decimal place (1.e., 5,500,000 should be entered as 5.5). show less A Journal entry worksheet (1) 2 Record the sale. Note: Enter debits before credits. Tanner-UNF Corporation acquired as a long-term investment $280 million of 6.0% bonds, dated July 1 , on July 1, 2024. Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 8% for bonds of similar risk and maturity. Tanner-UNF paid $250.0 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31,2024 , was $260.0 million. Required: 1. \& 2. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2024 and interest on December 31,2024 , at the effective (market) rate. 3. At what amount will Tanner-UNF report its investment in the December 31, 2024, balance sheet? 4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2025, for $240.0 million. Prepare the journal entry to record the sale. * Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 1 and 2 Prepare the joumal entry to record Tanner-UNF's investment in the bonds on July 1, 2024 and interest on December 31 , 2024, at the effective (market) rate. Note: If no entry is required for a transaction/event, select "No fournal entry required" in the first account feid. Do not round intermediate caloulations. Enter your answers in milisions rounded to 1 decimal place, (1.e, 5,500,000 should be entered as 5.5). Show less a Journal entry worksheet 12 Prepare any journal entry needed to adjust the investment to fair value. Note: Enter debits before credits. Journal entry worksheet 1 2 Prepare any journal entry needed to adjust the investment to fair value. Note: Enter debits before credits. \begin{tabular}{|l|l|l|} \hline Date & \multicolumn{1}{|c|}{ General Journal } \\ \hline January 02, 2025 & Loss on investments (NI) \\ \hline & Interest receivable \\ \hline & Investment in bonds \\ \hline & Loss on investments (NI) \\ \hline \end{tabular} management has the positive intent and ablity to hold the bonds untli maturity. The market interest rate (yield) was 8% for bonds of similar risk and maturity. Tanner-UNF paid $250.0 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2024, was $260.0 million. Required: 1. \& 2. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2024 and interest on December 31,2024 . at the effective (market) rate. 3. At what amount will Tanner-UNF report its investment in the December 31,2024 , balance sheet? 4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2,2025 , for $240.0 million. Prepare the journal entry to record the sale. Q Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 1 and 2 At what amount wall Tanner-UNF report its investment in the December 31,2024 , balance sheet? Note: Enter your answer in millions rounded to 1 decimal place, (i.e, 5,500,000 should be entered as 5.5). Do not round intermediate calculations. January ,U