On January $1,2023,$ Indigo Corporation purchased a newy issued $$125,000$ bond. The bond matured on December $31,2025,$ and

paid interest at $63\%$ every June $303$nd December $31.$ The market interest rate was $8\%.$ Indiga's fiscal year$-$end is October $31.$ andthe

company had the intention and ability ta hold the bond until its maturity date. The band willbe accounted using the amortized cost

model.

Clickhere to view Table A$2-$ PRESENT VALUE OF $1-($PRESENT VALUE OF A SINGLE SUM$)$

Click here to view Table A$4-$ PRESENT VALUE OF AN ORDINARY ANNUITY OF $1$

Calculate the price paid for the bond using $3$ nancial calculator or Excel functions. $($Round answers to $2$ decimal places, eg$.52\mathrm{.}75)$vos

Prepare an amortization schedule for the bond. $($Round answers to $2$ decimal places, eg$.52\mathrm{.}75)$

Cash Interest Discount Amortize

Date Received Revenue Amortization $($Present

$1\mathrm{.}2023$ $

$02028$ $ H H

$31,2023$

$30,2024$

$31,2024$

$30,2025$

$31,2005$

als H H H

pH $$ ey $|$Prepare the journal entries on the books of Indigo Corporation for each of the following dates. $($Round answers to $2$ decimal places,

eg$.52\mathrm{.}75.$ Credit account ites are automatically indented when the amount i entered. Do not indent manually. If no entry Is required,

select $"$No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement. List all

debit entries before credit entries$)$

$$ January $1,2023$

$$ June$30,2023$

$$ October$31,2023$

$$ December$31,2023$

$$December $31,2025($two entries$)$ one for interest and one for maturity of bond