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Question 14 of 18 < > View Policies -/1 E. Current Attempt in Progress On January 1, 2022, Bramble AG made an investment in
Question 14 of 18 < > View Policies -/1 E. Current Attempt in Progress On January 1, 2022, Bramble AG made an investment in 90,000 of the 7%, 5-year bonds of Chester Corporation for 82,999, which provides an 9% return. Assume the bonds are purchased as a held-for-collection and selling investment. Prepare Bramble's journal entries for (a) the purchase of the investment, (b) the receipt of annual interest and discount amortization, and (c) the year-end fair value adjustment. (Assume a zero balance in the Fair Value Adjustment account.) The bonds have a year-end fair value of 85,500. (Round answers to O decimal places, eg. 1,225. 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 O for the amounts.) No. Account Titles and Explanation (a) (b) (c) Debit Credit
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