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Live Large Inc. had the following transactions involving non-strategic investments during 2023.
2023 Apr. 1: Paid $112,050 to buy a 90-day term deposit, $112,000 principal amount, 6.0%, dated April 1. There was a $50 transaction fee included in the above-noted payment amount.
12: Purchased 4,200 common shares of Blue Balloon Ltd. at $23.00. There was a $50 transaction fee included in the above-noted payment amount.
June 9: Purchased 3,000 common shares of Purple Car Corp. at $50.50. There was a $50 transaction fee included in the above-noted payment amount.
20: Purchased 1,300 common shares of Yellow Tech Ltd. at $16.50. There was a $50 transaction fee included in the above-noted payment amount.
July 1: Purchased for $79,752 an 8.0%, $77,000 Space Explore Inc. bond that matures in eight years when the market interest rate was 7.4%. There was a $50 transaction fee included in the above-noted payment amount. Interest is paid semiannually beginning December 31, 2023. Live Large Inc. plans to hold this investment until maturity.
3: Received a check for the principal and accrued interest on the term deposit that matured on June 30.
15: Received a $0.95 per share cash dividend on the Blue Balloon Ltd. common shares.
28: Sold 2,100 of the Blue Balloon Ltd. common shares at $26.75.
Sept. 1: Received a $2.30 per share cash dividend on the Purple Car Corp. common shares.
Dec. 15: Received a $1.35 per share cash dividend on the remaining Blue Balloon Ltd. common shares owned.
31: Received the interest on the Space Explore Inc. bond.
31: The fair values of Live Large Inc.'s investments on this date were Blue Balloon shares, $25.80; Purple Car Corp. shares, $43.55; Yellow Tech shares, $19.05. Assume the fair value and the carrying value of the Space Explore bond were equal.
2024 Feb. 16: Sold the remaining Blue Balloon shares at $27.00.
Prepare journal entries to record the preceding transactions. (Round your intermediate and final answers to the nearest whole dollar amount. Use 365 days in a year.)
Record the purchase of an 8.0%, 8-year bond on Jul 1, 2023.
Record the collection of term deposit and interest earned on Jul 3.
Record the collection of dividend income on Jul 15.
Record the sale of short-term investment on Jul 28.
Record the collection of dividend income on Sept 1.
Record the collection of dividend income on Dec 15.
Record the collection of interest on the bond on Dec 31.
Record fair value adjustment on Dec 31.
Record the sale of investment on Feb 16, 2024.