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On January 1 , 2 0 2 3 , Liu Corporation paid $ 2 4 8 , 9 8 4 to acquire bonds of Singh
On January Liu Corporation paid $ to acquire bonds of Singh Investment Corp with a par value of $ The annual contract rate on the bonds is and interest is paid semiannually on June and December The bonds mature after three years. The market rate of interest was Liu Corporation intends to hold the bonds until maturity.
Required:
Prepare an amortization schedule for the investment showing only Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. Enter all the amounts as positive values.
a Prepare Lius entries to record the purchase of the bonds. Do not round intermediate calculations. Round your final answers to nearest dollar amount.
b Prepare Lius entries to record the receipt of the first two interest payments. Do not round intermediate calculations. Round your final answers to nearest dollar amount.
Show how the investment will appear on the December balance sheet. Do not round intermediate calculations. Round your final answer to nearest dollar amount.
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