Bright Company purchased $10,000,000 (face amount) of 10% bonds of Enterprise Company on January 1, 2021, paying $8,853,000. The 10-year bonds mature on January 1, 2031. Semiannual interest is payable each July 1, and January 1. The discount of $1,147,000 provides an effective yield (market rate) of 12%. Bright Company uses the effective-interest method and plans to hold these bonds to maturity.

(a) Prepare Bright Company's journal entry for the 1/1/21 purchase of the bonds.

(b) Prepare Bright Company's journal entry for the 7/1/21 bonds interest received and amortization.

(c) Prepare Bright Company's journal entry for the 12/31/21 bond interest receivable and amortization.

(d) What is Bright Company's 12/31/21 Debt Investment account adjusted balance from the bond?