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Please answer this 9th question On January 1, 2023, Liu Corporation paid ( $ 250,968 ) to acquire bonds of Singh Investment Corp with a
Please answer this 9th question
On January 1, 2023, Liu Corporation paid \\( \\$ 250,968 \\) to acquire bonds of Singh Investment Corp with a par value of \\( \\$ 249,000 \\). The annual contract rate on the bonds is \8.0 and interest is paid semiannually on June 30 and December 31 . The bonds mature after three years. The market rate of interest was \7.7. Liu Corporation intends to hold the bonds until maturity. Required: 1. Prepare an amortization schedule for the investment showing only 2023. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. Enter all the amounts as positive values.) 3. Show how the investment will appear on the December 31, 2023, balance sheet. (Do not round intermediate calculations. Round your final answer to nearest dollar amount.) 2-b. Prepare Liu's entries to record the receipt of the first two interest payments. (Do not round intermediate calculations. Round your final answers to nearest dollar amount.) 1 Record the collection of interest on bond. 2-b. Prepare Liu's entries to record the receipt of the first two interest payments. (Do not round intermediate calculations. Round your final answers to nearest dollar amount.) 1 Record the collection of interest on bond. 2 Record the collection of interest on bondStep by Step Solution
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