On july 2, 19x2, wynn, inc., purchased as an available-for-sale security a $1,000,000 face value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, 19x9, and pay interest annually on january 1. on december 31, 19x2, the bonds had a market value of $945,000. on february 13, 19x3, wynn sold the bonds for $920,000. in its december 31, 19x2, balance sheet, what amount should wynn report for available-for-sale investments in debt securities?

investment on debt securities 945,000

Explanation:

purchase for 910,000 the bond + interest accrued

1,000,000 x 0.08 /2 = 40,000 interest revenue

910,000 - 40,000 = 870,000 investment on bonds

At year-end we should adjsut the bond to the market value:

945,000 - 870,000  = 75,000

investment in debt securities 75,000

  unrealized gain on securities             75,000

Balance sheet:

investment on debt securities 945,000

Explanation:

investment on debt securities 945,000

Explanation:

purchase for 910,000 the bond + interest accrued

1,000,000 x 0.08 /2 = 40,000 interest revenue

910,000 - 40,000 = 870,000 investment on bonds

At year-end we should adjsut the bond to the market value:

945,000 - 870,000  = 75,000

investment in debt securities 75,000

 unrealized gain on securities             75,000

Balance sheet:

investment on debt securities 945,000

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previous business sales - c.