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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 1,2025, Bonita Company purchased 10% bonds having a maturity value of $380,000 for $410,343.38. The bonds provide
the bondholders with a 8% yield. They are dated January 1,2025, and mature January 1,2030, with interest received on January 1 of
each year. Bonita Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified
in the held-to-maturity 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 0 for the
amounts. Round answers to 2 decimal places, e.g.1,225.25.)
Date
Account Titles and Explanation
Debt Investments
Jan. 1,
2025
Debit
Credit
Prepare a bond amortization schedule. (Round answers to 2 decimal places, e.g.1,225.25.)
Schedule of Interest Revenue and Bond Premium Amortization
Effective-Interest Method
10% Bonds Sold to Yield 8%
Cash
Interest
Premium
410,343.38
Please don't give me Chatgpt answers. It ends with the carrying amount of bonds on the picture for 2030-380,000.00. If you give me solution that doesn't end with the number 380,000.00 as a carrying amount of bonds for 2030 your solution you give to me is incorrect.
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