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On the 1stof January 2019 Denver company decided to purchase a new bond for active trading. The bond had a maturity value of 20,000, 8%

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On the 1stof January 2019 Denver company decided to purchase a new bond for active trading. The bond had a maturity value of 20,000, 8% by paying 19,305.864 with interest paid at the end of each year. Assume that the yield rate on this investment is 10%. At the end of 2019 the bond had a fair value of 19,000. On 1.6.2020 the company sold the investment for 18,900$ Required: 1. Record the required journal entries at 31.12.2019 2. Record the required journal entries at 1.6.2020 1 A B I

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