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on january 1 2020 Liu corporation paid $250007 to aquire bonds of Singh investment Corp. with a par value of $254000. The annual contract rate

on january 1 2020 Liu corporation paid $250007 to aquire bonds of Singh investment Corp. with a par value of $254000. The annual contract rate on the bonds is 8%. and interest is paid semiannually on June 30 and Dec. 31. The bonds mature after three years. The market rate of interest was 7.7 %. Liu Corporation intends to hold the bonds untill maturnity. 1. prepare an anortization schedule for the investment showing only 2020 2 prepare Liu's entries to record the purchase of the bonds 3. prepare the Liu's entries to prepare to record the reciept of the first two interest payments. 4. show how the investment will appear on dec. 31, 2020 balance sheet

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