On July 1 of the current year, West Company purchased for cash. 24, 310,000 bonds of North Corporation to yild 10 The band pay interes.. payabkona semiannual base cachy and anary 1, and mature in three years on July 1. The bonds are caxi AFS securities. The annual reporting period ends December 31. Assume holistirem licima stor premium Note When answer the following questions.round each amount to the nearest whole dolar 2. Prepare and amortization schedule for the current year and the following year as the effective interest method Date Statud Market Deco Bond Intera In Amor Anerbrecen N. Year 19:50 Jul 1.21 3.000 2.000 $ CC 13252 . ju. Var2 300D 3.000 Record they for the purchase of the bonds by West Company only Account Name E De . Yar1 Tamara c. Record the adjusting entries by viest Company on December 31 to scriverest revenue and adjust the investment to fair value. The fair value of the bonds at December 31 was $24.000 Account Name Det Dalt D. 21. Your Crest BARBARA DE 31. To do d Indicate the effects of this investment on the income statement for the year and year end balance sheet ignore cash - Note De nausearegiven for an accountakhanomal balance In Statement Otherandam Balance Sheet December 31 Yeni Play Accueitur compre TAS c. Record the receipt of interest on January of the following year LCHEN Bell Credit Dace Jun 1, 2 TAIWAN 1. After the interest receipt onay 1, TAD of the bonds were sold for $17.553 cash. Record the entry for the receipt of interest and the sale of the bendim.men. Account MT Decor Duit Year Crede Dan ons On July 1 of the current year, West Company purchased for cash. 24, 310,000 bonds of North Corporation to yild 10 The band pay interes.. payabkona semiannual base cachy and anary 1, and mature in three years on July 1. The bonds are caxi AFS securities. The annual reporting period ends December 31. Assume holistirem licima stor premium Note When answer the following questions.round each amount to the nearest whole dolar 2. Prepare and amortization schedule for the current year and the following year as the effective interest method Date Statud Market Deco Bond Intera In Amor Anerbrecen N. Year 19:50 Jul 1.21 3.000 2.000 $ CC 13252 . ju. Var2 300D 3.000 Record they for the purchase of the bonds by West Company only Account Name E De . Yar1 Tamara c. Record the adjusting entries by viest Company on December 31 to scriverest revenue and adjust the investment to fair value. The fair value of the bonds at December 31 was $24.000 Account Name Det Dalt D. 21. Your Crest BARBARA DE 31. To do d Indicate the effects of this investment on the income statement for the year and year end balance sheet ignore cash - Note De nausearegiven for an accountakhanomal balance In Statement Otherandam Balance Sheet December 31 Yeni Play Accueitur compre TAS c. Record the receipt of interest on January of the following year LCHEN Bell Credit Dace Jun 1, 2 TAIWAN 1. After the interest receipt onay 1, TAD of the bonds were sold for $17.553 cash. Record the entry for the receipt of interest and the sale of the bendim.men. Account MT Decor Duit Year Crede Dan ons
