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Please answer the question accurately. 1 Record the purchase of a 20-years, 8.5 bond to be held as a long-term investment. 2 Record the receipt
Please answer the question accurately.
1 Record the purchase of a 20-years, \8.5 bond to be held as a long-term investment. 2 Record the receipt of interest on Hanna Bond. 3 Record the purchase of a 15 -years, \8.3 bond to be held as a long-term investment. 4 Record the receipt of interest. 5 Record the receipt of interest on the Hanna Bond and the Trust Bond. 3. Show how the investments would be reported on Corona's December 31, 2023, balance sheet. (Do not round intermediate calculations and round your final answer to the nearest dollar.) Dec. 31 Received interest on the Hanna and Trust bonds. 31 The fair values of the bonds on this date equalled the fair values. Required: 1. For each of the bond investments, prepare an amortization schedule showing only 2023 and 2024 . (Round your intermediate and final answers to the nearest whole dollar amount. Enter all the amounts as positive values.) Following are the non-strategic investment transactions of Corona Inc:: 2023 beginning June 30,2023 . The acquisition was made with intention to hold to maturity June 30 Received interest on the Hanna bond. 8.7\\%. There was a \\( \\$ 50 \\) transaction fee included in the above-noted payment amount. Sept. 30 Received interest on the Trust bond. Dec. 31 Received interest on the Hanna and Trust bonds. 31 The fair values of the bonds on this date equalled the fair values. Required: 1. For each of the bond investments, prepare an amortization schedule showing only 2023 and 2024 . (Round your intermediate and final answers to the nearest whole dollar amount. Enter all the amounts as positive values.)Step by Step Solution
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