As of March 2020, FF purchased a bond for $441,014, and it will be redeemed in December 2023 for $600,000. CFO decided to hold the bond to maturity. The effective interest rate is 8%. Since the bookkeeper is new in the company, he did not know how to record the bond.

At the end of the fiscal year, March 2020, we still have not learned what to record. Show proper journal entries. FF is following IFRS. The Owner of FF wants to know the value of his corporation.