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The following are the non-strategic investment transactions of Wiki Garden Tool Inc. Assume each bond acquired is purcha

Posted: Tue Nov 16, 2021 9:13 am
by answerhappygod
The Following Are The Non Strategic Investment Transactions Of Wiki Garden Tool Inc Assume Each Bond Acquired Is Purcha 1
The Following Are The Non Strategic Investment Transactions Of Wiki Garden Tool Inc Assume Each Bond Acquired Is Purcha 1 (94.49 KiB) Viewed 89 times
The following are the non-strategic investment transactions of Wiki Garden Tool Inc. Assume each bond acquired is purchased with the Intention to actively trade. 2020 Feb. 1 Paid $121,8ee, plus $200 in transaction fees to purchase a $125,eee, four-year, 3.5% bond payable of Capital Inc. dated Feb. 1. Interest is paid seniannually beginning August 1. Mar. 29 Bought 101,eee common shares of Regina Inc. for a total of $86,456, plus paid an extra $500 for transaction fees. May 7 Regina Inc.'s board of directors declared a total dividend of $526,eee regarding the total 3,580,eee shares issued and outstanding. The date of record is May 30, payable June 15. June 1 Paid $140, 8ee including see in transaction fees to purchase a five-year, 6.5%, $137,00bond payable of Yates Corporation. Interest is paid annually each May 3. 15 Received a cheque regarding the dividends declared on May 7. Aug. 1 Received a cheque from Capital Inc. regarding seniannual interest. 1 Sold the Capital Inc. bond at 98. 17 Purchased 76,Tech Inc. common shares at $6.2e plus $480 in transaction fees. Dec. 1 Sold 76,000 of the Regina Inc. shares at $8.95 and incurred $250 in transaction fees. 31 Accrued interest on the Yates bond. Fair values of the equity Securities on this date were Regina, $1.ee; Tech Inc., $5.6. Assume that the carrying value of the Yates bond was equal to its fair value. 2021 May 30 Received a cheque from Yates Corporation regarding annual Interest. Prepare entries to record the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field. Do not round Intermediate calculations and round your final answers to the nearest whole dollar) View transaction at Journal entry worksheet < 1 2 3 5 6 7 12. > Record the purchase of $125,000, 4-year, 3.5% bond to be held as an investment; interest paid semiannually each May 30. Note: Enter debits before credits General Journal Debit Credit Date Feb 01, 2020 Record entry Clear entry View general Journal Analysis Component: How would the financial statements have been affected differently if the dividends receved on June 15 were from a significant Influence investment or investment in associate as opposed to a non-strategic Investment? Balance Sheet Income Statement