t open Assignment CALCLATOR FULL SCREEN PRINTER VERSION BACK

t open Assignment CALCLATOR FULL SCREEN PRINTER VERSION BACK MEXT SOU ceS 17-5 17-0 17 , Brief Exercise 17-2 Riverbed Company purchased, on January 1, 2017, as an available-for-sale security, $69,000 of the 11%, 5- year bonds of Chester Corporation for $64,146, which provides an 13% return. 15 Prepare Riverbed\'s journal entries for (a) the purchase of the investment, (b) the receipt of annual interest and discount amortization, and (c) the year-end fair value adjustment. (Assume a zero balance in the Fair 12-3 Value Adjustment account.) The bonds have a year-end fair value of $65,550. (Round answers to o decimal places, e.g. 1,225. 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) No Aecoust Tales and Expistin al Click if you would like to Show Werk for this euestions h

Solution

(A) Investment   Dr. $64146

To Cash $64146

(B) Cash Dr. $7590

Debt Investment Dr.$749

To Interest Revenue $8339

(C) Securities Fair Value Adjustment Dr.$ 655

To Unrealised holding Gain or loss $655