On September 1, Bramble Ltd. purchased $75,400 of five-year, 9% bonds for $69,717, resulting in an effective (yield) rate of 11%. The bonds pay interest each March 1 and September 1. Bramble Ltd. applies ASPE, accounts for the investment under the amortized cost approach using the effective interest accounting policy, and has a December 31 year end. The following March 1, after receiving the semi-annual interest on the bonds, Bramble sells the bonds for $72,317.

(a)

Prepare Brambles journal entry for the purchase of the investment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
September 1