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Please ONLY focus on the missing answers (red boxes). The answer is NOT PREMIUM BONDS, INVESTMENT IN BONDS, BONDS PAYABLE OR DISCOUNT ON BONDS PAYABLE
Please ONLY focus on the missing answers (red boxes). The answer is NOT PREMIUM BONDS, INVESTMENT IN BONDS, BONDS PAYABLE OR DISCOUNT ON BONDS PAYABLE - I have already tried that and those are not options in the dropdown/ THEY ARE INCORRECT.
Current Attempt in Progress On January 1, 2020, Pina Company purchased 8% bonds having a maturity value of $400,000, for $433,699.52. The bonds provide the bondholders with a 6% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Pina Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category. Your answer is partially correct. Prepare the journal entry at the date of the bond purchase. (Enter answers to 2 decimal places, e.g. 2,525.25. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1, 433699.52 2020 Cash 433699.52 e Textbook and Media List of Accounts- Your answer is partially correct. Prepare the journal entry to record the interest revenue and the amortization at December 31, 2020. (Round answers to 2 decimal places, e.g. 2,525.25. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, Interest Receivable 2000.00 2020 5978.03 Interest Revenue 26021.97 eTextbook and Media List of Accounts Your answer is partially correct. Prepare the journal entry to record the interest revenue and the amortization at December 31, 2021. (Round answers to 2 decimal places, e.g. 2,525.25. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, Interest Receivable 2000.00 2021 6336.71 Interest Revenue 25663.29 eTextbook and Media List of AccountsAccount Titles and Explanation in Interest Expense Interest Receivable Interest Revenue Inventory book : Investment Income Gain on Sale of Investments Acco Gain on Settlement of Call Option Gain on Settlement of Put Option Retained Earnings Debt Investments Paid-in Capital in Excess of Par - Common Stock our an Equity Investments Revenue from Investment Unrealized Holding Gain or Loss - Equity a bond Unrealized Holding Gain or Loss - Income Loss on Sale of Investments Allowance to Reduce Inventory to MarketStep by Step Solution
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