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Question 1 (8 marks) On 1 January 2020, Halo Limited purchased a 10% $900,000 bond as its debt investment. 1. Halo purchased the bond at

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Question 1 (8 marks) On 1 January 2020, Halo Limited purchased a 10% $900,000 bond as its debt investment. 1. Halo purchased the bond at $866,737 2. The bond provides bondholders with a 11% yield per annum 3. The bond matures on 31 December 2024, with interest receivable on 31 December each year. 4. Halo's business model for the bond is held for collection. Required (Answers round to the nearest dollar): Prepare journal entries for Halo in 2020 and 2021. (8 marks)

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