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Chapter 17 Problem On January 1, 2016, Jordan Company had the following investments: Fair Value...

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Accounting

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Chapter 17 Problem On January 1, 2016, Jordan Company had the following investments: Fair Value $856,000 Held to Maturity Debr: Cost $834,636 G-Money $800,000, 6%, 10 year bonds, 5% yield Market rate, due 12/31/2020. pays interest annually Sebeny $400,000, 3%, 10 300000 388,900 year bonds, 4% yield Market rate, due 12/31/2018, pays interest annually Total Available for Sale Debr: Larochelle $500,000, 8% $442,410 448,200 year bonds 10% market rate, due 12/31/2024, pays interest Berger $ 1 00,000, 5%, 10 96,384 97.000 year bonds, 7% yield Market rate, due 12/312017, pays interest annually Total Trading Debt: US Treasury Bills $140,000 S142,000 | McMaster 2% Bonds Total S236.000 Investments in Equity Mary 10,000 shares Keelyn 31,000 shares Karen 70,000 shares Angie 12,000 shares $50,000 93,000 140,000 $42,000 97,000 130,000 Total

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