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Hi, I don't know how to solve this question... Below more, please.. How can I get answers to interest revenue as 7,406 , 7,376 and

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Hi, I don't know how to solve this question...
Below more, please..
How can I get answers to interest revenue as 7,406 , 7,376 and 7,345??? is that just given numbers?
Also, How about Amortization..
and Bond Amortized cost / how can I get these answers??
image text in transcribed
I found by my self these answers.
image text in transcribed
I don't know how to get answers for contractual interest rate and Market interest rate.
Lastly, this journal entries.
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I will lookforward to seeing solutions
Thank you !
Question 3 of 7 -/1 View Policies Current Attempt in Progress On April 1, 2021, Swifty Corporation issued $472,000, 5-year bonds. On this date, Shoreline Corporation purchased the bonds from Swifty to earn interest. Interest is received semi-annually on April 1 and October 1 and Shoreline's year end is March 31. Below is a partial amortization schedule for the first three interest periods of the bond issue. Interest Received Interest Revenue Amortization Semi-Annual Interest Period April 1.2021 October 1.2021 April 1, 2022 October 1, 2022 Bond Amortized Cost $493,764 491.730 489.666 487,571 $9.440 9.440 9,440 $7.406 7,376 7.345 $2.034 2,064 2,095 Were the bonds purchased at a discount or at a premium? Bonds purchased at a premium Question 3 of 7 Were the bonds purchased at a discount or at a premium? Bonds purchased at a premium e Textbook and Media What is the face value of the bonds? Face value of the bonds $ 472.000 e Textbook and Media consumer help + Ch. 16 Learning Assignments Question 3 of 7 What will the bonds' amortized cost be at the maturity date? Bonds' amortized cost at the maturity date $ 472.000 e Textbook and Media What is the bonds' contractual interest rate? The market interest rate? (Round answers to 2 decimal places, e. Annual Semi-annual Contractual interest rate %6 96 Market interest rate %6 % -11 Prepare the journal entries to record the purchase of the bonds, the receipt of interest on October 1.2021: the accrual of interest on March 31, 2022: and the receipt of interest on April 1, 2022. (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 tities and enter for the amounts) Account Titles and Explanation Date Apr. 1.2021 Debit Credit To record purchase of investment.) Oct 1.2021 V (To record collection of interest.) V Mar 31, 2022 Interest Receivable V (To accrue interest revenue.) Apr. 1.2021 Cash Interest Receivable (Collection of interest recevable)

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