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Please Question 19 4 pts 49er Company purchases 620 annual bonds on January 1, 2020 at 97. Each bond has a $1,000 par value, a
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Question 19 4 pts 49er Company purchases 620 annual bonds on January 1, 2020 at 97. Each bond has a $1,000 par value, a 7.5% coupon rate, and pays interest on December 31 each year. The bonds mature on December 31, 2025. The security is classified as trading and has fair value of 98.5 on December 31, 2020. The following is the (partial) amortization table for the debt investment. Time Atter 2H Date 1/1/2020 $970.00 12/31/2020 $75.00 $80.09 $5.09 $975.09 Provide the December 31, 2020 fair value adjustment journal entry information using the table below. Do not include "$" signs in your answer and use "DR" to designate a debit entry and "CR" to designate a credit entry. Round answers to the nearest whole dollar. Account Name Entry Amount DR/CR Fair Value Adjustment $ Unrealized Holding Gain or Loss $ Next PreviousStep by Step Solution
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