On January 1, 2025, Pearl Company purchased 9% bonds having a maturity value of $330,000 for $357,062.64. The bonds provide the bondholders with a 7% yield. They are dated January 1, 2025, and mature January 1, 2030, with interest received on January 1 of each year. Pearl 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 O for the amounts. Round answers to 2 decimal places, e.g. 1,225.25.) Date Account Titles and Explanation Jan. 1, Debt Investments 2025 Cash Debit 357062.64 Credit 357062.64 Date 1/1/25 $ 1/1/26 Schedule of Interest Revenue and Bond Premium Amortization Effective-Interest Method 9% Bonds Sold to Yield 7% Interest Revenue Premium Amortized Cash Received i 29700 1/1/27 29700 +A $ 24994.38 i 24664.99 +A $ i $ 4705.62 5035.01 1/1/28 29700 24312.54 5387.46 1/1/29 29700 23935.42 5764.58 1/1/30 29700 23530.02 6169.98 C Prepare the journal entry to record the interest revenue and the amortization at December 31, 2025. (List all debit entries before credit entries. 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 O for the amounts. Round answers to 2 decimal places, e.g. 1,225.25.) Date Account Titles and Explanation Dec. 31, 2025 Interest Receivable Interest Revenue Debt Investments Debit 29700 Credit 24994.38 4705.62 (d) Prepare the journal entry to record the interest revenue and the amortization at December 31, 2026. (List all debit entries before credit entries. 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 O for the amounts. Round answers to 2 decimal places, e.g. 1,225.25.) Date Account Titles and Explanation Dec. 31, 2026 Debit Credit