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Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Req 1 General Journal Required 2 Required
Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Req 1 General Journal Required 2 Required 3 Prepare all appropriate journal entries related to the bond investment during 2021, assuming Ithaca accounts for the bonds as a held-to-maturity investment. Ithaca calculates interest revenue at the effective interest rate as of the date it purchased the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations and round your final answers to nearest whole number.) No 1 Date January 01, 2021 General Journal Investment in bonds Discount on bond investment Cash 2 June 30, 2021 Cash Discount on bond investment Interest revenue Show less Debit 200,000 Credit 12,462 187,538 9,000 565 9,565 3 June 30, 2021 No journal entry required 4 December 31, 202 Cash 9,000 Discount on bond investment Interest revenue 594 9,594 5 December 31, 202 No journal entry required < Req 1 General Journal Required 3 >
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