BE17.4 - Using Excel to Prepare Entries for Debt Investments PROBLEM Student Work Area Required: Provide input into cells shaded in yellow in this template. Use cell references to the Problem area, with mathematical formulas to calculate any _amounts not given. Hendricks Corporation purchased trading investment bonds at par. Purchase price of bonds $ 50,000 The following data was provided by Hendricks at December 31. Prepare Hendricks' jourmal entries for: (a) The purchase of the investment (b) The interest received (c) The fair value adjustment Annual interest received $ 2,000 Fair value of the bonds 47,400 A zero balance exists in the Fair Value Adjustment account before the above activity. Debit Credit |(a) |(b) (c)
BE17.4 - Using Excel to Prepare Entries for Debt Investments PROBLEM Student Work Area Required: Provide input into cells shaded in yellow in this template. Use cell references to the Problem area, with mathematical formulas to calculate any _amounts not given. Hendricks Corporation purchased trading investment bonds at par. Purchase price of bonds $ 50,000 The following data was provided by Hendricks at December 31. Prepare Hendricks' jourmal entries for: (a) The purchase of the investment (b) The interest received (c) The fair value adjustment Annual interest received $ 2,000 Fair value of the bonds 47,400 A zero balance exists in the Fair Value Adjustment account before the above activity. Debit Credit |(a) |(b) (c)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
How do i do this?
![Formula: Subtract; Cell Referencing
BE17.4 - Using Excel to Prepare Entries for Debt Investments
PROBLEM
Student Work Area
Required: Provide input into cells shaded in yellow in this template. Use cell
references to the Problem area, with mathematical formulas to calculate any
amounts not given.
Hendricks Corporation purchased trading investment bonds at par.
Purchase price of bonds
$ 50,000
The following data was provided by Hendricks at December 31.
Prepare Hendricks' journal entries for:
(a) The purchase of the investment
(b) The interest received
(c) The fair value adjustment
Annual interest received
$ 2,000
Fair value of the bonds
47,400
4A zero balance exists in the Fair Value Adjustment account before
5 the above activity.
Debit
Credit
(а)
(b)
(c)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F45cc8955-2e1f-4a62-8f15-5628269cd940%2Fefb37312-9407-48f6-9b8d-da5544513d2c%2Fygex55s_processed.png&w=3840&q=75)
Transcribed Image Text:Formula: Subtract; Cell Referencing
BE17.4 - Using Excel to Prepare Entries for Debt Investments
PROBLEM
Student Work Area
Required: Provide input into cells shaded in yellow in this template. Use cell
references to the Problem area, with mathematical formulas to calculate any
amounts not given.
Hendricks Corporation purchased trading investment bonds at par.
Purchase price of bonds
$ 50,000
The following data was provided by Hendricks at December 31.
Prepare Hendricks' journal entries for:
(a) The purchase of the investment
(b) The interest received
(c) The fair value adjustment
Annual interest received
$ 2,000
Fair value of the bonds
47,400
4A zero balance exists in the Fair Value Adjustment account before
5 the above activity.
Debit
Credit
(а)
(b)
(c)
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