D3 Muro 400 Intermediate Accounting and edition EVA Year End Launch Chapter 14: Investments in Debt Reading On July 1 of the current year, West Company purchased for cash, 8, 510.000 bonds of North Corporation to yield 10%. The bonds pay interest payable on a semiannual basis each july1 and january 1, and mature in three years on 1. The bonds are called as AS securities. The annual reporting period ends December 31. Assume the effective interest method of amortization of any discount or premium Note: When answering the following questions. round each amount to the nearest whole dollar. Amortization Schedule Journal Entries and Financial Statement Presentation for Year 1 Journal Entries for Year 2 2. Prepare a bond amortization schedule for the current year and the following year using the effective interest method. Date Seated Internet Market Discount Bond interest Aumentation Amored Cast 72.970 LS 296 2 313 Ver NLY LOG LOG Check Heard the entry for the post Com Cale Adem Name De can che est Western for the war of the band 1.000 bu nyesha indicate the contencome Note: Derfor who Balance sheet Bremer unter og 0 Our Record the receipt of interest on any of the following Date ALGEN Det Cons After the interest receipt only two of the bonds were sold to 19.30 h. Record there for the rece interest and on the sale of the ho mestment Credit Dale MW D ML On December 31, the company record the entry to eliminate the Fair Vue Adjustment balanced with the two bondsvold Ngoi Na De G Date Dest TL Check D3 Muro 400 Intermediate Accounting and edition EVA Year End Launch Chapter 14: Investments in Debt Reading On July 1 of the current year, West Company purchased for cash, 8, 510.000 bonds of North Corporation to yield 10%. The bonds pay interest payable on a semiannual basis each july1 and january 1, and mature in three years on 1. The bonds are called as AS securities. The annual reporting period ends December 31. Assume the effective interest method of amortization of any discount or premium Note: When answering the following questions. round each amount to the nearest whole dollar. Amortization Schedule Journal Entries and Financial Statement Presentation for Year 1 Journal Entries for Year 2 2. Prepare a bond amortization schedule for the current year and the following year using the effective interest method. Date Seated Internet Market Discount Bond interest Aumentation Amored Cast 72.970 LS 296 2 313 Ver NLY LOG LOG Check Heard the entry for the post Com Cale Adem Name De can che est Western for the war of the band 1.000 bu nyesha indicate the contencome Note: Derfor who Balance sheet Bremer unter og 0 Our Record the receipt of interest on any of the following Date ALGEN Det Cons After the interest receipt only two of the bonds were sold to 19.30 h. Record there for the rece interest and on the sale of the ho mestment Credit Dale MW D ML On December 31, the company record the entry to eliminate the Fair Vue Adjustment balanced with the two bondsvold Ngoi Na De G Date Dest TL Check