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On January 1, 2017 Beta Co acquires bonds issued by Delta co. The bonds mature December 31, 2019 and interest is payable annually on December

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On January 1, 2017 Beta Co acquires bonds issued by Delta co. The bonds mature December 31, 2019 and interest is payable annually on December 31. Beta pays $278,384 to acquire $300, 000 of 9% bonds. The yield for the bonds to b Jan ac is 12%. The amortization schedule assuming the effective interest method round to the nearest dollar for this investment is. Co Es 300000 Bi Face 9% C Face rate 12% yield Amor 278,384 togn 284,790 1/1/2017 -12/31/2017 12/31/2018 12/31/2019 33,406 34,175 35,036 6,406 Val 27,000 27,000 27,000 7,175 291,965 8,036 300,001 ntra + to I. Assuming Beta categories this investment as Held-to-Maturity, prepare the journal entry to record the receipt of interest and amortization at 12/31/2017 7 R

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