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On January 1 , 2 0 2 5 , Bonita Company purchased 1 0 % bonds having a maturity value of $ 3 8 0
On January Bonita Company purchased bonds having a maturity value of $ for $ The bonds provide
the bondholders with a yield. They are dated January and mature January with interest received on January of
each year. Bonita Company uses the effectiveinterest method to allocate unamortized discount or premium. The bonds are classified
in the heldtomaturity category.
a
Your answer is correct.
Prepare the journal entry at the date of the bond purchase. List debit entry before credit entry. Credit account titles are automatically
indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the
amounts. Round answers to decimal places, eg
Date
Account Titles and Explanation
Debt Investments
Jan.
Debit
Credit
Prepare a bond amortization schedule. Round answers to decimal places, eg
Schedule of Interest Revenue and Bond Premium Amortization
EffectiveInterest Method
Bonds Sold to Yield
Cash
Interest
Premium
Please don't give me Chatgpt answers. It ends with the carrying amount of bonds on the picture for If you give me solution that doesn't end with the number as a carrying amount of bonds for your solution you give to me is incorrect.
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