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On Jaruary 1, 2020. Vaughn Compaty turchened 9 W, bonds hawing a maturity value of $370.000, for $400.342.96 The bonds prewide the bondhoiders witha 7%

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On Jaruary 1, 2020. Vaughn Compaty turchened 9 W, bonds hawing a maturity value of $370.000, for $400.342.96 The bonds prewide the bondhoiders witha 7\% yield. They are dated January 1, 2020, and mature danuary 1, 2025, with interest received on Larmuly 1 af each year Vaughin Compaety uses the effective interest method to allocate anamartiand dicouart or premiam. The bonds are clasaihed in the heid-to-maturity category. (a) Prepare the journal entry at the date of the bond purchase. Ornter answers to 2 deolemal plocel, es 2.525. 25, Crefit account titier are outomatically indented when amount is entered. Do not indent monually if no entry is pquined, select "7o Entry" for the ocrount billes and enter O for the amounts) Prepare a bond amortization schedule. (Round ansers to 2 decimal phocei, ex 2.525.25) Prepare the journal entry to record the interest revenue and the amortization at Decembec 31, 2020. (Round anavers tii 2 dexirsw bloces, eg. 2,525.25. Credit account titles are automatically indented when aciount is entered, Do not indent manual k. M no entry in tequired, select "No Entry" for the occount tithes and enter O for the amounts) Prepare the journal entry to record the interest revenue and the amortization at December 31,2021 . RRound answers to 2 decimal ploces, es. 2.525.25. Credit account titles are outomaticolly indented when amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the account tities and enter O for the amounts)

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