The following information pertains to Lynx Corporation's portfolio of marketable securities for the years ended December...

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The following information pertains to Lynx Corporation's portfolio of marketable securities for the years ended December 31, Year 1, and December 31, Year 2: Held-to-Maturity Debt Securities Bond A Bond B Marketable Equity Securities Stock C Stock D Stock E Stock F Cost . 90,000 75,000 45,000 Fair Value (12/31/Y1) 100,000 101,750 112,500 119,300 92,000 Activity Y2 3,000 interest income 3,500 interest income 68,000 51,000 Sold at 49,500 132,000 Sold at 136,500 121,450 Fair Value (12/31/Y2) 93,500 102,100 73,000 53,500 138,000 129,300 Additional Notes: • Bond A is an 8-year bond paying 3%, par $100,000, issued at a market yield of 4.5%. Year 1 amortization is $1,050 and Year 2 amortization is $1,097.25 Bond B is a 10-year bond paying 3.5% and was purchased at par ($100,000) Lynx Corporation uses a valuation account for its Equity Securities Declines in fair value are deemed temporary Use the information in the exhibit above to calculate carrying values and create journal entries required in the tables below. To prepare each required journal entry: • Click on a cell in the Account Name column and select the appropriate account. An account may be used once or not at all for a journal entry. • Enter the corresponding debit or credit amount in the associated column. • Not all rows in the table might be needed to complete each journal entry. 1. Compute the carrying value of each security on the company's balance sheet for both Years 1 and 2: 1 2 3 4 5 6 7 A Bond A Bond B Stock C Stock D Stock E Stock F B Year 1 123 123 123 123 123 123 Year 2 123 123 123 123 123 123 2. Provide the journal entries for each security for activity in Year 2: Security Debit Bond A Security Bond B Security Stock C Security Stock D Account Name Account Name Account Name Account Name # # !!!! !!! Debit Debit Debit 123 123 123 123 123 123 123 123 123 123 123 Credit Credit Credit Credit 123 123 123 123 123 123 123 123 123 123 123 Security Stock E Security Stock F Account Name Account Name !!! III III III Debit Debit 123 123 123 123 123 123 Credit Credit 123 123 123 123 123 123 The following information pertains to Lynx Corporation's portfolio of marketable securities for the years ended December 31, Year 1, and December 31, Year 2: Held-to-Maturity Debt Securities Bond A Bond B Marketable Equity Securities Stock C Stock D Stock E Stock F Cost . 90,000 75,000 45,000 Fair Value (12/31/Y1) 100,000 101,750 112,500 119,300 92,000 Activity Y2 3,000 interest income 3,500 interest income 68,000 51,000 Sold at 49,500 132,000 Sold at 136,500 121,450 Fair Value (12/31/Y2) 93,500 102,100 73,000 53,500 138,000 129,300 Additional Notes: • Bond A is an 8-year bond paying 3%, par $100,000, issued at a market yield of 4.5%. Year 1 amortization is $1,050 and Year 2 amortization is $1,097.25 Bond B is a 10-year bond paying 3.5% and was purchased at par ($100,000) Lynx Corporation uses a valuation account for its Equity Securities Declines in fair value are deemed temporary Use the information in the exhibit above to calculate carrying values and create journal entries required in the tables below. To prepare each required journal entry: • Click on a cell in the Account Name column and select the appropriate account. An account may be used once or not at all for a journal entry. • Enter the corresponding debit or credit amount in the associated column. • Not all rows in the table might be needed to complete each journal entry. 1. Compute the carrying value of each security on the company's balance sheet for both Years 1 and 2: 1 2 3 4 5 6 7 A Bond A Bond B Stock C Stock D Stock E Stock F B Year 1 123 123 123 123 123 123 Year 2 123 123 123 123 123 123 2. Provide the journal entries for each security for activity in Year 2: Security Debit Bond A Security Bond B Security Stock C Security Stock D Account Name Account Name Account Name Account Name # # !!!! !!! Debit Debit Debit 123 123 123 123 123 123 123 123 123 123 123 Credit Credit Credit Credit 123 123 123 123 123 123 123 123 123 123 123 Security Stock E Security Stock F Account Name Account Name !!! III III III Debit Debit 123 123 123 123 123 123 Credit Credit 123 123 123 123 123 123