Answer is not complete Complete this question by entering yo

Answer is not complete Complete this question by entering your answers in the tabs below Req 1 and2 Req 3 Req 4 Prepare the journal entry to record Tanner-UNF\'s investment in the bonds on July 1, 2018 and interest on December 31, 2018, at the effective (market) rate. (If no entry is required for a transaction/event, select \"No journal entry required\" in the first account field. Enter your answers in millions rounded to 1 decimal place, (i.e., 5,500,000 should be entered as 5.5).) Event General Journal Debit Credit Investment in bonds 225.0 Discount on bond investment 45.0 Cash 180.0 2 2 Cash 9.0 Interest revenue 9.0

Solution

No. Particulars Debit (in $) Credit (in $) 1 Investment in Bonds A/c 225000000 Discount 45000000 Cash 180000000 2 Cash A/c 9000000 Discount on Bonds A/c 0 Interest Revenue A/c 9000000 3 Cash A/c 170000000 Discount on bond investment 45000000 Loss on sale of investment in bonds 10000000 Investment in bonds 225000000