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View Policies Current Attempt in Progress On January 2, 2022. Munchies Corp. Invested $2,524,500 in Tarjee Inc. for 25% of its outstanding common shares. Munchies exercises significant influence over Tarjee. Both companies have calendar year ends. Tarjee pays out 10% of its net income in dividends each year. During 2022, Munchies received a cash dividend of $102,000 from Tarjee Inc. ta) Record the initial purchase of the Tarjee Inc shares by Munchies Corp. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List ali debit entries before credit entries. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit The following bond transactions occurred during 2021 for the University of Higher Learning (UML) and Sweetwater Ltd: Feb. 1 UHL issued $10.2 million five year, 5% bonds at 94 (this means 94% of face value) at a price to yield a market interest rate of 6.4%. The bonds pay interest semi-annually on August 1 and February 1. 1 Sweetwater Ltd. purchased $30 million of UHL'S bonds at 94 as a long-term investment to be held to maturity Aug. 1 UHL paid the semi-annual interest on the bonds. (a) Prepare all required journal entries for Sweetwater 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 for the amounts. Round answers to decimal places, eg. 5,275) Debit Credit Date Account Titles and Explanation Feb 1 Aug