On January 1, a company purchased 2%, 10-year corporate bonds for $58,553,901 as an investment. The bonds have a face amount of $70 million and are priced to yield 4%. Interest is paid semiannually. Prepare a partial amortization table at the effective interest rate on June 30 and December 31. Prepare the journal entries necessary to record revenue at the effective interest rate on June 30 and December 31.

On January 1 , a company purchased 2%,10-year corporate bonds for $58,553,901 as an investment. The bonds have a face amount 0 $70 million and are priced to yield 4%. Interest is paid semiannually. Prepare a partial amortization table at the effective interest rate on June 30 and December 31. Prepare the journal entries necessary to record revenue at the effective interest rate on June 30 and December 31. Complete this question by entering your answers in the tabs below. Prepare a partial amortization table at the effective interest rate on June 30 and December 31 . (Round your intermediate calculations to the nearest dollar amount. Enter your answers in whole dollars. Round final answers to the nearest whole dollar.) Journal entry worksheet Record the revenue at effective interest rate on June 30 . Note: Enter debits before credits. Journal entry worksheet Record the revenue at effective interest rate on December 31 . Note: Enter debits before credits