Item3 10 points eBook References Check my work Check My Work button is now enabledItem 3 Item 3 10 points On January 1, a company purchased 3%, 20-year corporate bonds for $69,057,808 as an investment. The bonds have a face amount of $80 million and are priced to yield 4%. Interest is paid semiannually. Prepare a partial amortization table at the effective interest rate on June 30 and December 31. Prepare the journal entries necessary to record revenue at the effective interest rate on June 30 and December 31.

Period-End	Cash Interest Received	Bond Interest Revenue	Discount Amortization	Carrying Value
January 1				$69,057,808
June 30	$1,200,000	$1,381,156	$181,156	69,238,964
December 31	1,200,000	1,384,779	184,779	69,423,743

• Record the revenue at effective interest rate on June 30.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Jun 30

• Record the revenue at effective interest rate on December 31.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec 31