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please explain & notice how many lines i have for the general journal On January 1, 2019, Lynch Company acquired 13% bonds with a face

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On January 1, 2019, Lynch Company acquired 13% bonds with a face value of $50,000. The bonds pay interest on June 30 and December 31 and mature on December 31,2021. Lynch paid $51,229.35, a price that yioids a 12% otlective annual interest rate. Required: 1. Aecovd the purchase of the bonds. 2. Prepare an ivivestment interest income and premium amovtization schedule using the efloctiv inferest method. 3. Record the receipts of interest on June 30, 2019, and December 31,2021 . 1. Record the purchase of the bonds on January 1,2019. 3. Record the recelpts of interest on June 30,2019 , and December 31, 2021. 3. Record the receipts of interest on June 30,2019, and December 31, 2021. Investment Premium Amortization Schedule Instruc Analysis 2 LYNCH COMPANY Bond Investment Interest Income and Premium Amortization Schedule 3. Effective interest Method

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