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On January 1,2025, Nash Company purchased 9% bonds having a maturity value of $370,000 for $400,342.96. The bonds provide the bondholders with a 7% yield.

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On January 1,2025, Nash Company purchased 9% bonds having a maturity value of $370,000 for $400,342.96. 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: Nash Compary uses the effective-interest method to allocate unamortized discount or premium. The bonds are classifed in the held-to-maturity category (a) Prepare the journal entry at the date of the bond purchase. (list debit entry before credit entry, Credit account titles are outomatically indented when arnount 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 decimol ploces, es. 1.225.25J Prepare a bond amortization schedule. (Round answers to 2 decimol places, es. 1,225.25.)

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