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pls ecplain each in detail with calculations - im so lost sold @ discount Problem 2 On December 31, 2017, Yale Corp. purchased 10-year, 6%

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pls ecplain each in detail with calculations - im so lost

sold @ discount Problem 2 On December 31, 2017, Yale Corp. purchased 10-year, 6% Princeton Corp. bonds with a face value of $400,000; the bonds were purchased at a price to yield an effective rate of 8% and are classified as available-for-sale securities. The fair value of the bonds was S332,000 on 12/31/18 and $348,000 on 12/31/19. 400000 face 6% stated, 10 yr 8% effective, 10 4 (a) Prepare the Yale Corp. journal entry for the purchase of the bonds. 70 * needed allqwance (b) Complete the partial amortization table below. Cash Received Diff Interest Revenue Discount Amortiz. FV Carrying Value of Bonds 346318 12.31.17 12.31.18 12.31.19 33 2000 348000 (b) Prepare all Yale Corp.'s journal entries required at 12.31.18. (c) Prepare all Yale Corp.'s journal entries required at 12.31.19. (d) Now assume that the bonds were classified as held-to-maturity when purchased. Explain how the year-end journal entries for 2018 would differ from your answer above

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