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On January 1, a company purchased 6%, 10-year corporate bonds for $60,486,993 as an investment. The bonds have a face amount of $70 million and

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On January 1, a company purchased 6%, 10-year corporate bonds for $60,486,993 as an investment. The bonds have a face amount of $70 million and are priced to yield 8%. 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. 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) Period-End Cash Interest Bond Interest Received Revenue Discount Amortization Carrying Value January 1 June 30 December 31 $ 2.100,000 $ 2.419 480 $ 2,100,000 $ 60.486,993 60.806.473 319,480 General Journal > Answer is not complete. Complete this question by entering your answers in the tabs below. General Amort Table Journal Prepare the journal entries necessary to record revenue at the effective interest rate on June 30 and December 31. (Enter your answers in whole dollars. Round your intermediate calculations to the nearest dollar amount. Round final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Show less No Date General Journal Debit Credit 1 Jun 30 Cash Discount on investment in bonds Interest revenue 2,100,000 319.480 30 2,419,480 2 Dec 31 Cash Discount on investment in bonds Interest revenue 2,100,000 0 X 0X

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