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Following are the non - strategic investment transactions ot Lorona inc.: 2 0 2 3 Jan. 1 Purchased for $ 9 0 , 1 5
Following are the nonstrategic investment transactions ot Lorona inc.:
Jan. Purchased for $ an $ bond that matures in years from Hanna Corporation when the market interest rate was There was a $ transaction fee included in the abovenoted payment amount. Interest is paid semiannually beginning June The acquisition was made with intention to hold to maturity.
June Received interest on the Hanna bond.
July Paid $ for a Trust Inc. bond with a par value of $ and a fourteenyears term. The bond pays interest quarterly beginning September at the annual rate of ; the market interest rate on the date purchase was There was a $ transaction fee included in the abovenoted payment amount.
Sept. Received interest on the Trust bond.
Dec. Received interest on the Hanna and Trust bonds.
The fair values of the bonds on this date equalled the fair values.
Required:
For each of the bond investments, prepare an amortization schedule showing only and Round your intermediate and final answers to the nearest whole dollar amount. Enter all the amounts as positive values.
tablePartial Amortization Schedule Hanna Bond:,,,,,Period Ending,tableCash InterestReceivedtablePeriod InterestIncometablePremiumAmorttableUnamortizedPremiumCarrying ValueJanJune DecJune
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