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can you please provide me with correct journal entries Bramble Corp. invested in a three - year, $ 1 0 0 face value, 7 %
can you please provide me with correct journal entries
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.
a
Your answer is correct.
Prepare a bond discount amortization table for Bramble, assuming Bramble uses the effective interest method required by IFRS. Round answers to decimal places, eg
Bond Discount Amortization Table
Date
Cash Received
Interest Income
Bond Discount Amortization
Amortized Cost of Bond
Day
$enter a dollar amount rounded to decimal places Correct answer
End Year
$enter a dollar amount rounded to decimal places Correct answer
$enter a dollar amount rounded to decimal places Correct answer
$enter a dollar amount rounded to decimal places Correct answer
enter a dollar amount rounded to decimal places Correct answer
End Year
enter a dollar amount rounded to decimal places Correct answer
enter a dollar amount rounded to decimal places Correct answer
enter a dollar amount rounded to decimal places Correct answer
enter a dollar amount rounded to decimal places Correct answer
End Year
enter a dollar amount rounded to decimal places Correct answer
enter a dollar amount rounded to decimal places Correct answer
enter a dollar amount rounded to decimal places Correct answer
enter a dollar amount rounded to decimal places Correct answer
$enter a total amount rounded to decimal places Correct answer $enter a total amount rounded to decimal places Correct answer $enter a total amount rounded to decimal places Correct answer
eTextbook and Media
List of Accounts
Attempts: of used
Question Part Score
b
Prepare 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, eg
Date
Account Titles and Explanation
Debit
Credit
Day
enter an account title for the journal entry on day
enter a debit amount
enter a credit amount
enter an account title for the journal entry on day
enter a debit amount
enter a credit amount
End of Year
enter an account title for the journal entry on end of year
enter a debit amount
enter a credit amount
enter an account title for the journal entry on end of year
enter a debit amount
enter a credit amount
enter an account title for the journal entry on end of year
enter a debit amount
enter a credit amount
End of Year
enter an account title for the journal entry on end of year
enter a debit amount
enter a credit amount
enter an account title for the journal entry on end of year
enter a debit amount
enter a credit amount
enter an account title for the journal entry on end of year
enter a debit amount
enter a credit amount
End of Year
enter an account title to record interest collected on end of year
enter a debit amount
enter a credit amount
enter an account title to record interest collected on end of year
enter a debit amount
enter a credit amount
enter an account title to record interest collected on end of year
enter a debit amount
enter a credit amount
To record interest collected
enter an account title to record maturity of bond investment on end of year
enter a debit amount
enter a credit amount
enter an account title to record maturity of bond investment on end of year
enter a debit amount
enter a credit amount
To record maturity of bond investment
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