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On January 1, a company purchased 4%, 10-year corporate bonds for $51,073,764 as an investment. The bonds have a face amount of $60 million and

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On January 1, a company purchased 4%, 10-year corporate bonds for $51,073,764 as an investment. The bonds have a face amount of $60 million and are priced to yield 6%. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Amort Table General Journal 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.) Cash Interest Received Bond Interest Revenue Discount Amortization Period-End Carrying Value $51,073,764 $ January 1 June 30 December 31 $ 1,200,000 1,200,000 $ 1,532,213 1,542,179 332,213 342,179 342,179 Amort Table General Journal > Next > 7 of 17 3

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