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Body On January 1, 2020, Genevieve itd. purchased 10%, $100,000 (par value) bod for $105,242. The bow where to respondon why 1 and anary I

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Body On January 1, 2020, Genevieve itd. purchased 10%, $100,000 (par value) bod for $105,242. The bow where to respondon why 1 and anary I and the bonds mature on January 1, 2023. Genevieves the method and the effectiverest without the premium. Genevieve has a year end of December 31 and follow ASPE. 1 4 instructions a) Prepare the journal entry to read the purchase. (2 marks) b) Prepare the journal entries for the receipt of interest and amortization of the premium for the remainder of 2020. Round as to the war (8 marks) 6 7 8 Please use the space below to show support for your calculations 10 11 12 13 15 6 please provide your complete journal entries (omit explanations in the table below. 8 Date Accounts Debit Credit 9 1 Bond (V4) New

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