On January $1,2023,$ Ground Ltd$.$ paid $$457,876\mathrm{.}36$ for $4\%$ bonds with

a maturity value of $$500,000.$ The purchase price was based on a

market interest rate of $6\%.$ The bonds were issued by Command Ltd$.$ on

January $1,2023,$ and mature on January $1,2028,$ with interest

receivable on December $31$ of each year. Ground Ltd$.$ classifies the

bonds as a non$-$strategic debt investment held to earn interest income.

Instructions

prepare the following for Ground Ltd$.($record all journal entry amounts

to the nearest cent$)$:

A$.$ Prepare the journal entry to record the bond purchase.

B$.$ Prepare the journal entry to record the receipt of interest on

December $31,2024.$

C$.$ Prepare the journal entry to record the disposal of the bond at

maturity.