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Ayayai Corporation purchased $50,000 of 4 year, 73 bonds of Hu Inc for $49,317 to yield an By return, It classified the purchass as an
Ayayai Corporation purchased $50,000 of 4 year, 73 bonds of Hu Inc for $49,317 to yield an By return, It classified the purchass as an amortized cost method investment. The bonds pay interest semi-annually, Assuming Ayayai appies IFRS, prepara its journal entrias for tha purchase of the investment and the recaipt of semi-annua: interest and discount amortization for the first two interest payments that will be recaived f Credit accosint titles are automaticalify the amounts List el dehit entries before ceedit entries. Aound anwers to 0 decinal pleces eg 5.275.) Assuming Ayayai applies ASPE and has chosen the stra aht-line msthod of discount anoriza: on, prepere the same thred antries decimal places, ey. 5,275.)
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