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Monkey Mortgage Inc. engaged in the following non-strategic Investment transactions during 2020: 2020 Jan. 1 Prehased for $425,205 a 6.00, $418,000 Jaguar Corp. bond that

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Monkey Mortgage Inc. engaged in the following non-strategic Investment transactions during 2020: 2020 Jan. 1 Prehased for $425,205 a 6.00, $418,000 Jaguar Corp. bond that matures in five years when the market interest rate was 5.6. Interest in paid semiannually beginning June 30, 2017. Monkey Mortgage Inc. plans to hold this investment until maturity. Mr. 1 Bought 7,800 shares of Male Corp., paying $34.30 per share. May 7 Received dividends of $2.70 per share on the Mule Corp. shares. June 1 Paid $334,000 for 21,900 shares of Zebra common shares. June 30 Received interest on the Jaguar bond. Aug. 1 Bold the Mule Corp. whares for $34.55 per share. Dec. 31 Received interest on the Jaguar bond. Dere. 31 The tale value of the Rebra share on the date an $15.00 per share. Annune the fair value of the bonda equalled the carrying value. 2021 Jan. 14 sold the zebra shares for $24.80. Required: 1. Prepare an amortization schedule for the Jaguar bond showing only 2020 and 2021. (Enter all the amounts as positive values. Do not round Intermediate calculation. Round your final answers to the nearest whole dollar amount.) Period Ending Cash Interest Period Interest Received Income Premium Amort. Unamortized Premium Carrying Value + $ Jan. 1/20 June 30/20 Dec. 31/20 June 30/21 Dec. 31/21 12,540 12,540 12,540 12,540 12,540 2. Prepare the entries to record the transactions described above. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9 Record the purchase of a 5-year, 6.0%, $418,000 bond to be held as a Investment. Note: Enter debits before credits. General Journal Debit Credit Date Jan 01, 2020 Record entry Clear entry View general Journal

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