Larkspur Corporation purchased on January 1, 2025, as a held-to-maturity investment, $58,000 of the 8%, 6-year bonds of Harrison, Inc. for $63,773, which provides a 6% return. The bonds pay interest semiannually. Prepare Larkspur's journal entries for (a) the purchase of the investment, and (b) the receipt of semiannual interest and premium amortization. Assume effective-interest amortization is used. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to O decimal places, e.g. 5,125.) Date nuary 1, 2025 ine 30, 2025 V Save for Later Account Titles and Explanation Debt Investments Cash Cash Debt Investments Interest Revenue Debit 63,773 2320 Credit 63,773 407 1913

Larkspur Corporation purchased on January 1,2025, as a held-to-maturity investment, $58,000 of the 8%,6-year bonds of Harrison, Inc. for $63,773, which provides a 6% return. The bonds pay interest semiannually. Prepare Larkspur's journal entries for (a) the purchase of the investment, and (b) the receipt of semiannual interest and premium amortization. Assume effective-interest amortization is used. (Uist all debit entries before credit entrles. Credit account titles are outomatically indented when amount is entered. Do not indent monually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal ploces, es. 5,125 .)