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2823 Jan. 1 Purchased for $78,141 an 84,$75,ee0 bond that matures in 10 years from Hanna corporation when the market interest rate was 7.4%. There

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2823 Jan. 1 Purchased for $78,141 an 84,$75,ee0 bond that matures in 10 years from Hanna corporation when the market interest rate was 7.4%. There was a $5 e transaction fee included in the above-noted payment amount. Interest is paid seniannually beginning June 30,2023 . The acquisition was made with intention to hold to maturity. June 30 Received interest on the Hanna bond. July 2 paid $118,047 for a Trust Inc. bond with a par value of $120,000 and a five-year tern. The bond pays interest quarterly beginning septerber 30,2023 , at the annual rate of 7.8%; the market interest rate on the date of purchase was 8.2%. There was a $50 transaction fee included in the above-noted payment amount. Sept. 30 Received interest on the Trust bond. Dec. 31 Received interest on the Hanna and Trust bonds. 31 The fair values of the bonds on this date equalled the fair values. Required: 1. For each of the bond investments, prepare an amortization schedule showing only 2023 and 2024 . (Round your intermediate and finat answers to the nearest whole dollar amount. Enter all the amounts as positive values.) 2. Prepare the entries to record the transactions described above. (Enter all the amounts as positive values, Do not round intermediate calculations and round your final answers to the nearest dollar.) Journal entry worksheet 5 Record the purchase of a 10-year, 8%,$75,000 bond to be held as a longterm investment. Note: Enter debits before credits. calculations and round your final answer to the nearest doltas.) 2823 Jan. 1 Purchased for $78,141 an 84,$75,ee0 bond that matures in 10 years from Hanna corporation when the market interest rate was 7.4%. There was a $5 e transaction fee included in the above-noted payment amount. Interest is paid seniannually beginning June 30,2023 . The acquisition was made with intention to hold to maturity. June 30 Received interest on the Hanna bond. July 2 paid $118,047 for a Trust Inc. bond with a par value of $120,000 and a five-year tern. The bond pays interest quarterly beginning septerber 30,2023 , at the annual rate of 7.8%; the market interest rate on the date of purchase was 8.2%. There was a $50 transaction fee included in the above-noted payment amount. Sept. 30 Received interest on the Trust bond. Dec. 31 Received interest on the Hanna and Trust bonds. 31 The fair values of the bonds on this date equalled the fair values. Required: 1. For each of the bond investments, prepare an amortization schedule showing only 2023 and 2024 . (Round your intermediate and finat answers to the nearest whole dollar amount. Enter all the amounts as positive values.) 2. Prepare the entries to record the transactions described above. (Enter all the amounts as positive values, Do not round intermediate calculations and round your final answers to the nearest dollar.) Journal entry worksheet 5 Record the purchase of a 10-year, 8%,$75,000 bond to be held as a longterm investment. Note: Enter debits before credits. calculations and round your final answer to the nearest doltas.)

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