On January 1, 2025, Pearl Company purchased 9% bonds having amaturity 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, eg. 1.225.25) (b) Date Account Titles and Explanation Jan. 1. 2025 Debt Investments Cash eTextbook and Media List of Accounts Your answer is correct. Debit 35706264 Prepare a bond amortization schedule. (Round answers to 2 decimal places eg. 1.225.25) Schedule of Interest Revenue and Bond Premium Amortization Cash Received 29700 Credit 35706264 Attempts: 2 of 3 used Effective-Interest Method 9% Bonds Sold to Yield 7% Interest Revenue Premium Amortized Carrying Amount of Bonds 35706264 2499438 4705.62 352357.02 29700 2466499 5035.01 34732202 29700 2431254 5387.46 34193456 29700 2393542 5764.58 336169.98 29700 23530.00 6169.98 330000.00 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 Dec. 31, 2025 Account Titles and Explanation Debit Credit