I'd really appreciate the help, specially with the first question although both will be great. I hope it's not too much to ask. Thank you in advance. I'll rate your answer.
Review the following long-term, equity security transactions of Blanchard Department Stores: (Click the icon to view the transactions.) Requirement 1. Journalize the long-term, equity security transactions of Blanchard Department Stores. a. Purchased 4:30 shares of Florida Fine Foods common stock at $33 per share (less than 15% of Florida's outstanding stock), with the intent of holding the stock for the indefinite future. (Record debits first, then credits. Exclude explanations from any journal entries.) More info a. Purchased 430 shares of Florida Fine Foods common stock at $33 per share (less than 15% of Florida's outstanding stock), with the intent of holding the stock for the indefinite future. b. Received a cash dividend of $1.80 per share on the Florida investment. c. At year-end, adjusted the investment account to fair value of $41 per share. d. Sold the Florida stock for $23 per share. Glimmer Pools purchased $50,000 of 7% AKL bonds on January 1, 2021, at a price of 104.2 when the market rate of interest was 6%. Glimmer intends to hold the bonds until their maturity date of January 1, 2026. The bonds pay interest semiannually on each January 1 and July 1. Read the requirements. Make the adjusting entries that Glimmer Pools would need to make on December 31, 2021, related to the investment in AKL bonds. (Record debits first, then credits. Exclude explanations from any journal entries.) First, record the entry for the interest receivable at December 31, 2021. Requirements Make the adjusting entries that Glimmer Pools would need to make on December 31, 2021, related to the investment in AKL bonds. How would the bonds be reported on Glimmer Pools' balance sheet as of December 31, 2021? What amount of interest revenue related to the AKL bonds would be reported on Glimmer Pools' income statement for the year ended December 31, 2021
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