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Following are the non-strategic investment transactions of Corona Inc: 2023 Jan. 1 Purchased for $98,672 an 9.5%,$93,000 bond that matures in 27 years from Hanna

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Following are the non-strategic investment transactions of Corona Inc: 2023 Jan. 1 Purchased for $98,672 an 9.5%,$93,000 bond that matures in 27 years from Hanna Corporation when the market interest rate was 8.98 . There was a $50 transaction fee included in the above-noted payment amount. Interest is paid semiannually beginning June 30,2023 . The acquisition was made with intention to hold to maturity. June 30 Received interest on the Hanna bond. July 1 Paid $133,000 for a Trust Ine. bond with a par value of $138,000 and a twenty two-years term. The bond pays interest quarterly beginning September 30,2023 , at the annual rate of 9.38 ; the market interest rate on the date of purchase was 9.7 . There was a $50 transaction fee included in the above-noted payment amount. Sept. 30 Received interest on the Trust bond. Dec. 31 Received interest on the Hanna and Trust bonds. 31 The fair values of the bonds on this date equalled the fair values. Required: 1. For each of the bond investments, prepare an amortization schedule showing only 2023 and 2024. (Round your intermediate anc final answers to the nearest whole dollar amount. Enter all the amounts as positive values.) Journal entry worksheet Record the purchase of a 22 -years, 9.3%,$138,000 bond to be held as a longterm investment. Note: Enter debits before credits. Journal entryt worksheet 5 Record the receipt of interest on Hanna Bond. Note: Enter debits before credits. 3. Show how the investments would be reported on Corona's December 31,2023 , balance sheet. (Do not round intermediate calculations and round your final answer to the nearest dollar.) Journal entry worksheet Record the receipt of interest. Note: Enter debits before credits. Journal entry worksheet Record the receipt of interest on the Hanna Bond and the Trust Bond. Note: Enter debits before credits. 2. Prepare the entries to record the transactions described above. (Enter all the amounts as positive values. Do not round intermediate calculations and round your final answers to the nearest dollar.) Journal entry worksheet Record the purchase of a 27 -years, 9.5%,$93,000 bond to be held as a longterm investment

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