D THE FOLLOWING INFORMATION RELATES TO QUESTIONS 7 TO 9 On 1 July 2010 Card Lid purchased a corporate bonds Investment with a four (4) year term for a total fair value amount of $1,000,000. Transaction costs of $1,500 were paid in cash on 1 July 2019. The corporate bonds Investment has a total face value of $1,350,000 due on redemption and will pay nominal interest of 2% per annum on 30 June each year. The effective interest rate for the corporate bonds Investment is 10.1651% In accordance with its business model, Card Ltd intends to hold the corporate bonds Investment to collect contractual Interest cash flows and its face value at the maturity date on 30 June 2023 Card Ltd is a reporting entity, has adopted AASB 9: Financial Instruments, uses a 30 June year end balance date and rounds amounts to the nearest whole dollar. If required, an extract from the present value tables are available under Quiz Instructions at the start of this exam. 2 pts Question 7 Recommended time complete: 3 minutes Required: Prepare all journal entries to initially recognise the corporate bonds investment in Card Ltd's financial statements at 1 July 2019. Include all workings and ignore tax. Narrations are not required. Note: In your answer it is advisable to build a table with headings. Below is a suggested form of presentation. Use the table tool( ) to build the table and nnter your answer into the table. Additional lines maybe required. Workings can be included above the table. Question 8 Recommended time to complete: 5 minutes Required: Calculate the carrying amount of the corporate bonds investment in Card Ltd's financial statements at 30 June 2022 Include all workings D Question 9 Recommended time to complete: 8 minutes Required: Prepare the journal entries in relation to all events for the corporate bonds investment that would be recognised in Card Ltd's financial statements for the year ended 30 June 2023 Include all workings and ignore tax. Narrations are not required. Note: In your answer it is advisable to build a table with headings. Below is a suggested form of presentation. Use the table tool ( 3 ) to build the table and enter your answer into the table. Additional lines maybe required. Workings can be included above the table