On July 1, 1990, Bowser Corp. acquired the following bonds, which Bowser Corp. intended to hold to maturity:

Bond	Price	Face Amount Purchased
Goomba Ltd. 10% bonds, maturity date December 31, 1996	105	$500,000
Boo Inc. 3% bonds, maturity date, December 31, 1995	94	$100,000

Both bonds pay interest annually on December 31. Premium and discount will be amortized on an effective interest basis. Assume a market rate of 6% and Bowser Corp. follows IFRS.

Instructions:

a. Journalize the acquisition of the investments. Accrued interest was paid on the acquisition dates, as appropriate.

b. Journalize the receipt of interest and the amortization of the premium or discount for Goomba Ltd.

c. Journalize the receipt of interest and the amortization of the premium or discount for Boo Inc.

d. Determine what is the reported Interest Revenue in the 1990 Income Statement.

e. Determine the Carrying Value for Goomba Ltd. bonds, and Boo Inc. bonds on December 31, 1990.