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Please help it would be much appreciated. Bridgeport Corporation purchased $63,900 of 4year, 7% bonds of Hu Inc. for $59,689 to yield an 9% return,

Please help it would be much appreciated.

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Bridgeport Corporation purchased $63,900 of 4year, 7% bonds of Hu Inc. for $59,689 to yield an 9% return, and classied the purchase as an amortized oost method Investment. The bonds pailI interest semiannually. V (3) Your answer is partially correct. Tryr again. Assuming Bridgeport Corporation applies IFRS, prepare its journal entries for the purchase of the investment and the receipt of semiannual interest and discount amortization for the rst two interest payments that will be received. {Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entrjlr is required, select "No Entry" for the account titles and enter a for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Ddill: Crud": x/ Bond Investment at Amort 59689 J (To record purchase of bond investment) I J I J v K (To record collection of semiannual interest] I J v R interest Income "2? i E I' |K |\\ I' I'i x k

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