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/7 K Apps YouTube Maps C legal enviroment B D2L C chegg WP WileyPLUS management class wedding 2023 Reading List Ch 16 homework Question 8 of 9 -11 5 In January 2022, the management of Blossom Company concludes that it has sufficient cash to permit some short-term investments in debt and equity securities. During the year, the following transactions occurred. Feb. 1 Purchased 400 shares of Muninger common stock for $20,000. Mar. 1 Purchased 600 shares of Tatman common stock for $15,000. Apr. 1 Purchased 30 of $1,000, 5% Yoakem bonds for $30,000. Interest is payable semiannually on April 1 and October 1 July 1 Received a cash dividend of $0.50 per share on the Muninger common stock. Aug. 1 Sold 133 shares of Muninger common stock at $60 per share. Sept. 1 Received a $1 per share cash dividend on the Tatman common stock. Oct. 1 Received the semiannual interest on the Yoakem bonds. Oct. 1 Sold the Yoakem bonds for $28,900. At December 31, the fair value of the Muninger and Tatman common stocks were $51 and $24 per share respectively. These stock investments by Blossom Company provide less than a 20% ownership interest. Journalize the transactions and post to the accounts Debt Investments and Stock Investments. (Use the T-account form.) (Record journal entries in the order presented in the problem. 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 v V VZack - 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/7 K Apps YouTube Maps C legal enviroment B D2L C chegg WP WileyPLUS management class wedding 2023 Reading List Ch 16 homework Question 8 of 9 - 11 3 v v v (To record the receipt of semiannual interest on Yoakem bonds) v (To record the sale of Yoakem bonds) Stock Investments v Debt InvestmentsZack - 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/7 K Apps YouTube Maps C legal enviroment B D2L C chegg WP WileyPLUS management class wedding 2023 Reading List Ch 16 homework Question 8 of 9 - 11 5 Stock Investments v Debt Investments e Textbook and Media List of Accounts Prepare the adjusting entry at December 31, 2022, to report the investment securities at fair value. All securities are considered to be trading securities. (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 e Textbook and Media List of Accounts Show the balance sheet presentation of investment securities at December 31, 2022.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/7 K Apps YouTube Maps C legal enviroment B D2L C chegg WP WileyPLUS management class wedding 2023 Reading List Ch 16 homework Question 8 of 9 - 11 5 Show the balance sheet presentation of investment securities at December 31, 2022. Blossom Company Balance Sheet (Partial) v $ e Textbook and Media List of Accounts Give the statement classification of each income statement account. Income Statement Account Category Dividend Revenue Gain on Sale of Stock Investments Interest Revenue Loss on Sale of Debt Investments Unrealized Loss-Income e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit