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Instructions On March 31, 2019, Brodie Corporation acquired bonds with a par value of $300,000 for $313,650. The bonds are due December 31 2024, carry

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Instructions On March 31, 2019, Brodie Corporation acquired bonds with a par value of $300,000 for $313,650. The bonds are due December 31 2024, carry a 9% annual interest rate, pay interest on June 30 and December 31, and are being held to maturity. The accrued interest is included in the acquisition price of the bonds. Brodie uses straight-line amortization Required: Prepare journal entries for Brodie to record the purchase of the bonds and the first two interest receipts. 2 Next Level I Brodie failed to separately record the interest at acquisition, explain the errors that would occur in the company's financial statements (no calculations are required). General Journal 1. Prepare journal entries for Brodie to record the purchase of the bo and the first two interest receipts on June 30 and December 31 General Matractions GENERAL JOURNAL POST 1 50 2 1 4 DATE ACCOUNT Mar 31 Investment in Held-to-Maturity Debt Securities Interest Income Cash Jun 50 Cash Interest Income Investment in Held to Maturity Debt Securities Dec 31 Cash Interest Income Investment in Hels-to-Maturity Debt Secunties

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