Prepare all required journal entries for Page Ltd$.,$ the investor, to record the above transactions. $($List all debit entries before credit

entries. 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 $0$ for the amounts. Record journal entries in the order presented in the problem. Round answers

to $0$ decimal places, e$.$g$.5,125.)$

$($b$)$

Your answer is correct.

How would the journal entries for Page Ltd$.$ change if it purchased the investment for trading purposes? $($List all debit entries before

credit entries. 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 $0$ for the amounts. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Mar. $1$

Sect $1$

Debit

Credit

$]$

eTextbook and Media

List of Accounts

$($c$)$

Your answer is incorrect.

What amount will Page receive at maturity?Mar. $1$ YU issuad $$16\mathrm{.}20$ million seven$-$year, $5\%$ bonds at $102[$this means $102\%$ of face valus' at a price to yiald a markat

interest rate of $4\mathrm{.}66\%.$ The bonds pay interest semi$-$annually on September $1$ and March $1.$

Mar. $1$ Page Ltd$.$ purchased $$5\mathrm{.}40$ million of YU's bonds at $102$ as a lonc$-$tenm imestmant to be hald to maturity.

Sapt. $1$ YU paid the semi$-$annual intersst on the bonds.

$($a$)$

Your Answer

Prepare all required journal entries for Page Ltd$.,$ the imsetor, to record the above transactions. $($List all debit entries before credit

entries. Credit account titles are automatically indented when the amount is entered. Do not indent manuallk if no entry is required, select

$"$No Entry" for the account fitles and enter $0$ for the amounts. Record journal entries in the order presented in the problem. Round answers

to $0$ decimal places, eg$.5,125.$J

Date

Account Titles and Explanation

Debit

Cre

Lono$-$Term lnwsimants

$5,508,000$

Con

cow

$135,000$

Long$-$Term invetmants

$($b$)$

Your answer is correct.

How would the journal entries for Page Ltd$.$ change if it purchased the imestmant for trading purposes? $($List all debit entries

before credit entries. 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 tities and enter O for the amounts. Record jouirnal entries in the onder presented in the problem.$)$

$($c$)$

x Your answer is incorract.

What amount will Page receive at maturity?