05:31 Remaining: 89 min. CALCULATOR Question 33 Sheridan Company purchased $1150000 of 9% bonds of Scott Company on January 1, 2021, paying $1074375. The bonds mature January 1, 2031; interest is payable each July 1 and January 1. The discount of $75625 provides an effective yield of 10%. Sheridan Company uses the effective interest method and plans to hold these bonds to maturity On July 1, 2021, Sheridan Company should increase its Debt Investments account for the Scott Company bonds by $3938. $7563 $1969. $3781 SUBMIT ANSWER Question Attempts: 0 of 1 used