Question: You are viewing Attempt 1 ? Continue Work Your answer is partially correct. Accustart Front Inc. made the following bond investment during the year for

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Your answer is partially correct.
Accustart Front Inc. made the following bond investment during the year for the purpose of trading. Assume Accustart uses the fair value through profit or loss model and has a fiscal year end at March 31,2025.
Feb. 1,2025
Purchased Arnprior Bonds at par for $31,500. Interest is paid semi-annually at a rate of 4% per year on February 1 and August 1 each year.
Mar. 31,
The Arnprior Bonds were trading at 101.
2025
Collected interest on the Arnprior Bonds.
Aug. 2,
2025
Sold the Arnprior Bonds for $32,130.
(a) Record the above transactions and any necessary adjusting entries for Accustart Front at its year end of March 31,2025.(Round anowers to 0 decimal places, e.g.125. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If ro entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
Investment in Associates
(To record interest)
Investment in Associates
Unrealized Gain on Trading Investments
(To record unearlized gain/loss)
Unrealized Gain on Trading Investments
(To record unearlized gain/loss)
Interest Income
Realized Gain on Trading Investments
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