Zack - Google Docs X B Week 7 - BCOM10 Chap 3: Plar X WP Ch 16 homework X WP NWP Assessment Player UI Apj X *Course Hero C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=c2c80d83-7490-4957-9b3f-f5bc9beb8201#/question/6 K Apps YouTube Maps C legal enviroment B D2L C chegg WP WileyPLUS management class wedding 2023 Reading List Ch 16 homework Question 7 of 9 - 11 5 Blossom Carecenters Inc. provides financing and capital to the healthcare industry, with a particular focus on nursing homes for the elderly. The following selected transactions relate to bonds acquired as an investment by Blossom, whose fiscal year ends on December 31. 2022 Jan. 1 Purchased at face value $2,280,000 of Javier Nursing Centers, Inc., 10-year, 10% bonds dated January 1, 2022, directly from Javier. Dec. 31 Accrual of interest at year-end on the Javier bonds. Assume that all intervening transactions and adjustments have been properly recorded and the number of bonds owned has not changed from December 31, 2022, to December 31, 2024. 2025 Jan. 1 Received the annual interest on the Javier bonds. Jan. 1 Sold $1,140,000 Javier bonds at 107. Dec. 31 Accrual of interest at year-end on the Javier bonds. Journalize the listed transactions for the years 2022 and 2025. (Record entries in the order displayed in the problem statement. List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit v (To record the receipt of annual interest on JavierZack - Google Docs X B Week 7 - BCOM10 Chap 3: Plar X WP Ch 16 homework X WP NWP Assessment Player UI Apj X *Course Hero C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=c2c80d83-7490-4957-9b3f-f5bc9beb8201#/question/6 K Apps YouTube Maps C legal enviroment B D2L C chegg WP WileyPLUS management class wedding 2023 Reading List Ch 16 homework Question 7 of 9 - 11 5 (To record the receipt of annual interest on Javier bonds) (To record the sale of Javier bonds) e Textbook and Media List of Accounts Assume that the fair value of the bonds at December 31, 2022, was $2,508,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2022 eTextbook and Media List of AccountsZack - Google Docs X B Week 7 - BCOM10 Chap 3: Plar X WP Ch 16 homework X WP NWP Assessment Player UI Apj X *Course Hero C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=c2c80d83-7490-4957-9b3f-f5bc9beb8201#/question/6 K Apps YouTube Maps C legal enviroment B D2L C chegg WP WileyPLUS management class wedding 2023 Reading List Ch 16 homework Question 7 of 9 - 11 5 Dec. 31, 2022 eTextbook and Media List of Accounts Based on your analysis in part (b), show the balance sheet presentation of the bonds and interest receivable at December 31, 2022. Assume the investments are considered long-term. Indicate where any unrealized gain or loss is reported in the financial statements. (Enter account name only and do not provide descriptive information.) Blossom Carecenters Inc. Balance Sheet (Partial) $ $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit