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Question 4 ( 25 points) On January 1, 2023, Investor Company purchased Investee Company bonds with a face value of $920,000. Investor Company paid $967,416,80

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Question 4 ( 25 points) On January 1, 2023, Investor Company purchased Investee Company bonds with a face value of $920,000. Investor Company paid $967,416,80 in cash for the irweptment: Investor Company treated the investment as Available-For-Sale. The bonds mature on December 31, 2025. The bonds pay 10% interest each December 31. At the tme of the purchase, the market rate for bonds of identical risk and maturity was 8% Investor Company prepared the following amortization table for than hanits. 1. Prepare investor's joumal entry for the purchase of the bonds on January 1,2023 (3 points) 2. Prepare investor's joumat entry for the receipt of imerest on December 31,2023 (3 points)

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