Question: please hellpp!!!!!!! as fast u can Question 2 12 points On January 2 2018 Pearl corporation purchased 10%, $1,500,000 bonds of Gold Company to yield

please hellpp!!!!!!! as fast u can

 please hellpp!!!!!!! as fast u can Question 2 12 points On

Question 2 12 points On January 2 2018 Pearl corporation purchased 10%, $1,500,000 bonds of Gold Company to yield 11%. The bonds are due December 31, 2027 and pay interest annually each December 31 Pearl intention is to generate profit from short-term differences in prices and accordingly, has classifled the debt investment as trading Following is a partial amortization schedule for these bonds extracted from Pearl's records: AMORTIZATION SCHEDULE 10-Year , 10% Bonds Sold to Yield 11% Carrying Cash Interest Discount Amount of Date Received Revenue Amortized Bonds 1/2/18 0 0 0 $1,411,655 12/31/18 $150,000 ??? ??? ??? 12/31/19 150,000 155,86 5,863 1.422,800 3 12/31/20 150,000 156,508 6,508 1,429,308 12/31/21 150,000 777 777 ??? 12/31/22 150,000 158,019 8,019 1,444,551 Required: a) Calculate the missing numbers in the previous table for the years 2018 and 2021 b) Assume that the fair value of the bonds on December 31, 2020, Is $1,440,000. Prepare the necessary adjusting entry c) Show in proper format the effect on the income statement on December 31, 2020. d) Assume that on September 1, 2022, Pearl Corporation sold its Gold debt investment at 95 - Record the necessary amortization entry. - Calculate the gain or loss from the sale. - Calculate the total cash received by Pearl corporation

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