Prepare a bond amortization schedule

On January 1, 2020, Carla Company purchased 10% bonds having a maturity value of $340,000, for $367,149.34. The bonds provide the bondholders with a 8% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Carla Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category. (a) a Your answer is correct Prepare the journal entry at the date of the bond purchase. (Enter answ 2 decimal places, eg. 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 for the amounts.) Account Titles and Explanation Debit Credit Date Jan. 1 2020 Debt Investments 367149.34 Cash 367149.34 Prepare a bond amortization schedule. (Round answers to 2 decimal places, eg. 2,525.25.) Schedule of Interest Revenue and Bond Premium Amortization Effective-Interest Method Date Cash Received Interest Revenue Premium Amortized Carrying Amou of Bonds 1/1/20 $ S $ 1/1/21 1/1/22 I 1/1/23 1/1/24 1/1/25