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plz help with all parts its per chegg policy. i will upvote if its correct. On January 1, 2022, Bramble and Lois Company purchased 12%
plz help with all parts its per chegg policy. i will upvote if its correct.
On January 1, 2022, Bramble and Lois Company purchased 12% bonds with a maturity value of $360,000 for $387,293.66. The bonds provide the bondholders witha 10% yield. They are dated January 1, 2022, and mature on January 1, 2027, with interest receivable on December 31 of each year. Bramble and Lois uses the effective interest method to allocate unamortized discount or premium. The bonds are classified as amortized cost investments. Prepare a bond amortization schedule. (Round onswers to 2 decimal places, es. 52.75.) Effective-Interest Method Prepare the journal entry to record the interest received and the amortization for 2022. (Credit account titles are automatically indented when the 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. List all debit entries before credit entries. Round answers to 2 decimal places, es. 52.75.) Prepare the journal entry to record the interest received and the amortization for 2023 . (Credit occount titles are automatically indented when the 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. List all debit entries before credit entries. Round answers to 2 decimal ploces, eg. 52.75.) Step by Step Solution
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