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Bramble Corp. invested in a three - year, $ 1 0 0 face value, 9 % bond paying $ 9 5 . 1 1 .
Bramble Corp. invested in a threeyear, $ face value, bond paying $ At this price, the bond will yield a return.Interest is payable annually. Bramble uses the amortized cost model of accounting for investments.Prepare a bond discount amortization table for Bramble, assuming Bramble uses the effective interest method required by IFS.Round answers to decimal places, egBond Discount Amortization TableDateCash ReceivedInterest IncomeBond DiscountAmortizationAmortized Cost ofDayEndYearEndYearEndYearPrepare journal entries to record the initial investment, receipt of interest, and recognition of interest income in each of the three years, and the maturity of the bond at the end of the third year. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. List all debit entries before credit entries. Round answers to decimal places, egDateAccount Titles and ExplanationDebitCreditDay End ofYear End of Year End of year
Bramble Corp. invested in a threeyear, $ face value, bond paying $ At this price, the bond will yield a return.Interest is payable annually. Bramble uses the amortized cost model of accounting for investments.Prepare a bond discount amortization table for Bramble, assuming Bramble uses the effective interest method required by IFS.Round answers to decimal places, egBond Discount Amortization TableDateCash ReceivedInterest IncomeBond DiscountAmortizationAmortized Cost ofDayEndYearEndYearEndYearPrepare journal entries to record the initial investment, receipt of interest, and recognition of interest income in each of the three years, and the maturity of the bond at the end of the third year. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. List all debit entries before credit entries. Round answers to decimal places, egDateAccount Titles and ExplanationDebitCreditDay End ofYear End of Year End of year
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