{"id":25945,"date":"2021-01-14T14:12:20","date_gmt":"2021-01-14T14:12:20","guid":{"rendered":"http:\/\/onlineclassesguru.com\/?p=25945"},"modified":"2021-01-14T14:12:20","modified_gmt":"2021-01-14T14:12:20","slug":"assume-that-the-fair-value-of-the-bonds-at-december-31-2008-was-2200000-these-bonds-are-classified-as-available-for-sale-securities-prepare-the-adjusting-entry-to-record-these-bonds-at-fair-val","status":"publish","type":"post","link":"https:\/\/onlineclassesguru.com\/index.php\/2021\/01\/14\/assume-that-the-fair-value-of-the-bonds-at-december-31-2008-was-2200000-these-bonds-are-classified-as-available-for-sale-securities-prepare-the-adjusting-entry-to-record-these-bonds-at-fair-val\/","title":{"rendered":"Assume that the fair value of the bonds at December 31, 2008, was $2,200,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value."},"content":{"rendered":"<style type=\"text\/css\"><\/style><h4>Assume that the fair value of the bonds at December 31, 2008, was $2,200,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value.<\/h4>\n<p>P13-1A DAVISON CARECENTERS INC. PROVIDES FINANCING AND CAPITAL TO THE HEALTH-CARE INDUSTRY, WITH A\u2026<\/p>\n<p>Problem 13-1A (P13-1A)Davison<br \/>\nCarecenters Inc. provides financing and capital to the health-care<br \/>\nindustry, with a particular focus on nursing homes for the elderly. The<br \/>\nfollowing selected transactions relate to bonds acquired as an<br \/>\ninvestment by Davison, whose fiscal year ends on December 31.<br \/>\n2008<br \/>\nJan.<br \/>\n1 Purchased at par $2,000,000 of Hannon Nursing Centers, Inc., 10-year,<br \/>\n8% bonds dated January 1, 2008, directly from Hannon.<br \/>\nJuly 1 Received the semiannual interest on the Hannon bonds.<br \/>\nDec. 31 Accrual of interest at year-end on the Hannon bonds.<br \/>\n(Assume<br \/>\nthat all intervening transactions and adjustments have been properly<br \/>\nrecorded and that the number of bonds owned has not changed from<br \/>\nDecember 31, 2008, to December 31, 2010.)<br \/>\n2011<br \/>\nJan. 1 Received the semiannual interest on the Hannon bonds.<br \/>\nJan. 1 Sold $1,000,000 Hannon bonds at 106. The broker deducted $6,000 for commissions and fees on the sale.<br \/>\nJuly 1 Received the semiannual interest on the Hannon bonds.<br \/>\nDec. 31 Accrual of interest at year-end on the Hannon bonds.<br \/>\nInstruction<br \/>\n1. Journalize the listed transactions for the years 2008 and 2011.<br \/>\n2.<br \/>\nAssume that the fair value of the bonds at December 31, 2008, was<br \/>\n$2,200,000. These bonds are classified as available-for-sale securities.<br \/>\nPrepare the adjusting entry to record these bonds at fair value.<br \/>\n3.<br \/>\nBased on your analysis in part (b) of the question, show the balance<br \/>\nsheet presentation of the bonds and interest receivable at December 31,<br \/>\n2008. Assume the investments are considered long-term.<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><center><a href=\"http:\/\/onlineclassesguru.com\/orders\/ordernow\"><img decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcTyj99p60XCLyLk1htB7-1neRt8-2QdnenNlQ&usqp=CAU\"target=\"_http:\/\/onlineclassesguru.com\/orders\/ordernow\"\/><\/center><p>","protected":false},"excerpt":{"rendered":"<p>Assume that the fair value of the bonds at December 31, 2008, was $2,200,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value. P13-1A DAVISON CARECENTERS INC. PROVIDES FINANCING AND CAPITAL TO THE HEALTH-CARE INDUSTRY, WITH A\u2026 Problem 13-1A (P13-1A)Davison Carecenters Inc. provides financing and capital&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25945","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Assume that the fair value of the bonds at December 31, 2008, was $2,200,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value. - onlineclassesguru<\/title>\n<meta name=\"description\" content=\"Assume that the fair value of the bonds at December 31, 2008, was $2,200,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/onlineclassesguru.com\/index.php\/2021\/01\/14\/assume-that-the-fair-value-of-the-bonds-at-december-31-2008-was-2200000-these-bonds-are-classified-as-available-for-sale-securities-prepare-the-adjusting-entry-to-record-these-bonds-at-fair-val\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Assume that the fair value of the bonds at December 31, 2008, was $2,200,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value. - onlineclassesguru\" \/>\n<meta property=\"og:description\" content=\"Assume that the fair value of the bonds at December 31, 2008, was $2,200,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value.\" \/>\n<meta property=\"og:url\" content=\"http:\/\/onlineclassesguru.com\/index.php\/2021\/01\/14\/assume-that-the-fair-value-of-the-bonds-at-december-31-2008-was-2200000-these-bonds-are-classified-as-available-for-sale-securities-prepare-the-adjusting-entry-to-record-these-bonds-at-fair-val\/\" \/>\n<meta property=\"og:site_name\" content=\"onlineclassesguru\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-14T14:12:20+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin_admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/onlineclassesguru.com\/#website\",\"url\":\"https:\/\/onlineclassesguru.com\/\",\"name\":\"onlineclassesguru\",\"description\":\"Cheap Professional coursework and reaction papers help\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/onlineclassesguru.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/onlineclassesguru.com\/index.php\/2021\/01\/14\/assume-that-the-fair-value-of-the-bonds-at-december-31-2008-was-2200000-these-bonds-are-classified-as-available-for-sale-securities-prepare-the-adjusting-entry-to-record-these-bonds-at-fair-val\/#webpage\",\"url\":\"http:\/\/onlineclassesguru.com\/index.php\/2021\/01\/14\/assume-that-the-fair-value-of-the-bonds-at-december-31-2008-was-2200000-these-bonds-are-classified-as-available-for-sale-securities-prepare-the-adjusting-entry-to-record-these-bonds-at-fair-val\/\",\"name\":\"Assume that the fair value of the bonds at December 31, 2008, was $2,200,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value. - onlineclassesguru\",\"isPartOf\":{\"@id\":\"https:\/\/onlineclassesguru.com\/#website\"},\"datePublished\":\"2021-01-14T14:12:20+00:00\",\"dateModified\":\"2021-01-14T14:12:20+00:00\",\"author\":{\"@id\":\"https:\/\/onlineclassesguru.com\/#\/schema\/person\/1831fa4d28e47b468621cf27932f5742\"},\"description\":\"Assume that the fair value of the bonds at December 31, 2008, was $2,200,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value.\",\"breadcrumb\":{\"@id\":\"http:\/\/onlineclassesguru.com\/index.php\/2021\/01\/14\/assume-that-the-fair-value-of-the-bonds-at-december-31-2008-was-2200000-these-bonds-are-classified-as-available-for-sale-securities-prepare-the-adjusting-entry-to-record-these-bonds-at-fair-val\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/onlineclassesguru.com\/index.php\/2021\/01\/14\/assume-that-the-fair-value-of-the-bonds-at-december-31-2008-was-2200000-these-bonds-are-classified-as-available-for-sale-securities-prepare-the-adjusting-entry-to-record-these-bonds-at-fair-val\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/onlineclassesguru.com\/index.php\/2021\/01\/14\/assume-that-the-fair-value-of-the-bonds-at-december-31-2008-was-2200000-these-bonds-are-classified-as-available-for-sale-securities-prepare-the-adjusting-entry-to-record-these-bonds-at-fair-val\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/onlineclassesguru.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Assume that the fair value of the bonds at December 31, 2008, was $2,200,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value.\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/onlineclassesguru.com\/#\/schema\/person\/1831fa4d28e47b468621cf27932f5742\",\"name\":\"admin_admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/onlineclassesguru.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/429c8d043f7a770af242b0031e8b9f2b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/429c8d043f7a770af242b0031e8b9f2b?s=96&d=mm&r=g\",\"caption\":\"admin_admin\"},\"url\":\"https:\/\/onlineclassesguru.com\/index.php\/author\/admin_admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Assume that the fair value of the bonds at December 31, 2008, was $2,200,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value. - onlineclassesguru","description":"Assume that the fair value of the bonds at December 31, 2008, was $2,200,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/onlineclassesguru.com\/index.php\/2021\/01\/14\/assume-that-the-fair-value-of-the-bonds-at-december-31-2008-was-2200000-these-bonds-are-classified-as-available-for-sale-securities-prepare-the-adjusting-entry-to-record-these-bonds-at-fair-val\/","og_locale":"en_US","og_type":"article","og_title":"Assume that the fair value of the bonds at December 31, 2008, was $2,200,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value. - onlineclassesguru","og_description":"Assume that the fair value of the bonds at December 31, 2008, was $2,200,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value.","og_url":"http:\/\/onlineclassesguru.com\/index.php\/2021\/01\/14\/assume-that-the-fair-value-of-the-bonds-at-december-31-2008-was-2200000-these-bonds-are-classified-as-available-for-sale-securities-prepare-the-adjusting-entry-to-record-these-bonds-at-fair-val\/","og_site_name":"onlineclassesguru","article_published_time":"2021-01-14T14:12:20+00:00","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin_admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/onlineclassesguru.com\/#website","url":"https:\/\/onlineclassesguru.com\/","name":"onlineclassesguru","description":"Cheap Professional coursework and reaction papers help","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/onlineclassesguru.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"http:\/\/onlineclassesguru.com\/index.php\/2021\/01\/14\/assume-that-the-fair-value-of-the-bonds-at-december-31-2008-was-2200000-these-bonds-are-classified-as-available-for-sale-securities-prepare-the-adjusting-entry-to-record-these-bonds-at-fair-val\/#webpage","url":"http:\/\/onlineclassesguru.com\/index.php\/2021\/01\/14\/assume-that-the-fair-value-of-the-bonds-at-december-31-2008-was-2200000-these-bonds-are-classified-as-available-for-sale-securities-prepare-the-adjusting-entry-to-record-these-bonds-at-fair-val\/","name":"Assume that the fair value of the bonds at December 31, 2008, was $2,200,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value. - onlineclassesguru","isPartOf":{"@id":"https:\/\/onlineclassesguru.com\/#website"},"datePublished":"2021-01-14T14:12:20+00:00","dateModified":"2021-01-14T14:12:20+00:00","author":{"@id":"https:\/\/onlineclassesguru.com\/#\/schema\/person\/1831fa4d28e47b468621cf27932f5742"},"description":"Assume that the fair value of the bonds at December 31, 2008, was $2,200,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value.","breadcrumb":{"@id":"http:\/\/onlineclassesguru.com\/index.php\/2021\/01\/14\/assume-that-the-fair-value-of-the-bonds-at-december-31-2008-was-2200000-these-bonds-are-classified-as-available-for-sale-securities-prepare-the-adjusting-entry-to-record-these-bonds-at-fair-val\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/onlineclassesguru.com\/index.php\/2021\/01\/14\/assume-that-the-fair-value-of-the-bonds-at-december-31-2008-was-2200000-these-bonds-are-classified-as-available-for-sale-securities-prepare-the-adjusting-entry-to-record-these-bonds-at-fair-val\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/onlineclassesguru.com\/index.php\/2021\/01\/14\/assume-that-the-fair-value-of-the-bonds-at-december-31-2008-was-2200000-these-bonds-are-classified-as-available-for-sale-securities-prepare-the-adjusting-entry-to-record-these-bonds-at-fair-val\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/onlineclassesguru.com\/"},{"@type":"ListItem","position":2,"name":"Assume that the fair value of the bonds at December 31, 2008, was $2,200,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value."}]},{"@type":"Person","@id":"https:\/\/onlineclassesguru.com\/#\/schema\/person\/1831fa4d28e47b468621cf27932f5742","name":"admin_admin","image":{"@type":"ImageObject","@id":"https:\/\/onlineclassesguru.com\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/429c8d043f7a770af242b0031e8b9f2b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/429c8d043f7a770af242b0031e8b9f2b?s=96&d=mm&r=g","caption":"admin_admin"},"url":"https:\/\/onlineclassesguru.com\/index.php\/author\/admin_admin\/"}]}},"_links":{"self":[{"href":"https:\/\/onlineclassesguru.com\/index.php\/wp-json\/wp\/v2\/posts\/25945"}],"collection":[{"href":"https:\/\/onlineclassesguru.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onlineclassesguru.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onlineclassesguru.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/onlineclassesguru.com\/index.php\/wp-json\/wp\/v2\/comments?post=25945"}],"version-history":[{"count":1,"href":"https:\/\/onlineclassesguru.com\/index.php\/wp-json\/wp\/v2\/posts\/25945\/revisions"}],"predecessor-version":[{"id":25946,"href":"https:\/\/onlineclassesguru.com\/index.php\/wp-json\/wp\/v2\/posts\/25945\/revisions\/25946"}],"wp:attachment":[{"href":"https:\/\/onlineclassesguru.com\/index.php\/wp-json\/wp\/v2\/media?parent=25945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onlineclassesguru.com\/index.php\/wp-json\/wp\/v2\/categories?post=25945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onlineclassesguru.com\/index.php\/wp-json\/wp\/v2\/tags?post=25945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}