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on January 2, 2018 Pearl corporation purchased 10% S1,500,000 bonds of Gold Company to yield 11%. The bonds are due December 31, 2027 and play

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on January 2, 2018 Pearl corporation purchased 10% S1,500,000 bonds of Gold Company to yield 11%. The bonds are due December 31, 2027 and play interest annually each December 31, Pearl intention is to generato profit from short-term differences in prices and accordingly, has classified the debt investment as trading. Following is a partial amortization schedule for these bonds extracted from Pearl's records AMORTIZATION SCHEDULE 10-Year 10% Bonds Sold to Yield 11% Carrying Cash Interest Discount Amount of Date Received Revenue Amortized Bonds 1/2/18 0 $1.411,655 12/31/18 $150.000 992 222 ??? 12/31/19 150.000 155,86 5,863 1.422.800 3 12/31/20 150,000 156,508 6.508 1,429,308 12/31/21 150.000 222 232 222 12/31/22 150,000 158.019 8,019 1.444,551 0 0 Required a Cathering numbers in the previous table for the years 2018 and 2021 b) met the value of the bonds on December 31, 2020.is 51.440,000. Prepare the necessary adjusting entry si in proper format me afect on the comentalmonton December 31, 2020

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