Mis Corporation acqured os a lang$-$lent irrensbtent $$240$ milion of $68$ bonds. dated Juhy $1$ on Julf $1\mathrm{.}2024.$ Compary management has the parivive imem and abilyy to hold the bonds umi moburty. The market Enerest fate $|$vieldi was $4\%$ for bonds of similar nisk and maturity Mils phid $$280$ milion for the boncs. The company will recotve interest $5$ cmiannualy on June $30$ and Depember $31$ hs a resut of changng market contitigrts, the far value of the bonds at Decomber $31,2024,$ was $$270$ millon.

Required:

& $2$ Prepare the jaurnal emry to recand Mils irmestment in the bends on Juy $1,2024$ and imerest on Decomber $31,2024,$ at the eflestrue immkety rate

Mi whem ampurt wil Mils repert its inestment in the December $31,2024,$ bolance sheet?

Soppec Moocy's bond rong Docrcy upgladed the rish rating of the bonds, and Mils olecided to sell the invostment on dartuary $2,2025.$ for $$290$ milion. Prepare the joumal emry to recard the sane.

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Pog$1242$

Req $3$

Mri. $4$

Suppope Mobeys bond rating agencp wograded the rak rabing of the bands. and Hib decided to aal the imueterte$-$t on danuary $2,2025,$ for $5240$ milion. Prapare the $|$oumal e$"$try to racerd the sale. $5\mathrm{.}51.$

$\backslash$table$[[$Hop$,$Dare,General Jouriai,,Debal,Credt$],[1,$Jencary $52\mathrm{.}2025,$Cent,$3,2908,],[,,$Invesenant dition,$0,,2408],[,,$Bear ver imeatmerts PI$|,9,,120],[,,$Prevert on sasd armeolvers!,$0,,110]]$

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