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On 1/1/14, ABC Corporation purchased, as a held-to-maturity investment, $190,000 of the 8%, 5-year bonds of Intuit Corporation for $168,934, which provides an 11% return.

On 1/1/14, ABC Corporation purchased, as a held-to-maturity investment, $190,000 of the 8%, 5-year bonds of Intuit Corporation for $168,934,
which provides an 11% return. Prepare ABC's 12/31/14 journal entry to reflect the receipt of annual interest and discount amortization.
Assume the bond investment pays interest annually on 12/31 each year and that effective interest amortization is used.

I made this journal entry:

Cash 15,200
LT (Debt) investments (HTM) 3,383
Interest Revenue 18,583
(to record annual interest revenue and discount amortization) Is this correct?

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