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Question 6- FVOCI-Bond On June 1, 208, the Accounting Class purchased $2.500,000 of Berry Corp. 57% bonds, classified PVOC-Bond investment. The bonds pay semi- annual

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Question 6- FVOCI-Bond On June 1, 208, the Accounting Class purchased $2.500,000 of Berry Corp. 57% bonds, classified PVOC-Bond investment. The bonds pay semi- annual interest each May 30h and November 30 The market interest rate was 6% on thedate of purchase. The bonds mature on May 30-2013. 2 Calculate the price paid by the Accounting Class Complete the following table using the effective- interest method Period Cash Payment Interest Revenue Amortization Bond Value Prepare the entries for 2008 and for 2009, including the year-end accrual. Date PR Debit Credit

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