PART B

On January 1, 2025, Tamarisk Company purchased 99 bonds having a maturity value of $330,000 for $357,062,64, The bonds provide the bondholders with a 7% vield. They are dated January 1, 2025, and mature lanuary 1, 2030, with interest recelved on January 1 of each year. Tamarisk Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held to-maturity category. (a) Prepare the joumal entry at the date of the bond purchase. (List debit entry before credit entry. Credit occount titles are outomaticolly indented when amount is entered. Do not indent manuolly. If no entry is required, select "No Entry" for the occount titles end enter 0 for the amounts. Round anwwers to 2 decimol places, es. 1,225.25. Schedule of Interest Revenue and Bond Premium Amortization Effective-Interest Method 9% Bonds Sold to Yield 7% eTextbook and Media Prepare a bond amortization schedule. (Round answers to 2 decimal places, eg. 1,225.25.) Schedule of Interest Revenue and Bond Premium Amortization Effective-Interest Method 9% Bonds Sold to Yield 7% e Terbbook and Media