Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. littlezoe company memiliki beberapa transaksi inve

LittleZoe Company memiliki beberapa Transaksi investasi sebagai berikut: during 2021: Pada January...

80.2K

Verified Solution

Question

Accounting

LittleZoe Company memiliki beberapa Transaksi investasi sebagai berikut:
during 2021:
Pada January 1, membeli $160,000 of 6% bonds at par as a non-trading investment. Interest dibayarkan semiannual setiap July 1 danJanuary 1. Bondsjatuh tempo di January 1,2026.
Pada March 1, membeli 5,000 ordinary shares of Treasure Co., @ 31. Perusahaan juga membayar brokerage fee sebesar 1,500. Investasi ini diklasifikasikan sebagai trading investment.
Pada April 1, membeli 6,000 shares (setara dengan 30% ownership) atas Grace Co. Sebesar $180,000.
Pada 31 Dec, menerima cash dividend sebesar $4,200 atas investasi saham di Treasure Co.Grace Co mengumumkan net income selama 2021 sebesar $100,000 dan juga mengumumkan & membayar $40,000 cash dividend.
Pada Akhir tahun, fair value atas debt investment sama dengan fair value nya. Sedangkan Fair value per lembar atas Treasure Co dan Grace Co. masing-masing adalah sebesar $35 dan $32.
during 2022 Bonds dijual pada tanggal November 1,2021 at 105 plus accrued interest.
Required:
Journalize all the necessary entries during 2021 and 2022.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students