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Riverbed Corp. purchased a $100,000 face value bond of Myers Corp. on August 31,2022 , for $106,730 plus accrued interest: The yield on the bond
Riverbed Corp. purchased a $100,000 face value bond of Myers Corp. on August 31,2022 , for $106,730 plus accrued interest: The yield on the bond is 7.56%. The bond pays interest annually each November 1 at a rate of 9%. On November 1,2022, Riverbed received the annual interest. On December 31,2022 , Riverbed's year end, the fair value for these bonds was 106.0. Riverbed sold the bond on January 15,2023 , for $105,700 plus accrued interest. Assume Riverbed follows IFRS. (a) F Your answer is partially correct. Prepare the journal entries to record the purchase of the bond, the receipt of interest, any adjustments required at year end, and the subsequent sale of the bond. (Credit account titles are automatically indented when the amount is entered, Do not indent manually. If no entry is required, select "No Entry' for the occount titles and enter 0 for the amounts. Record entries in the order displayed in the problem statement. List all debit entries before credit entries.) How many months was the bond held for by Riverbed in 2022 ? Based on this, how much of the income reported on this bond should be for interest received? Number of months months interest received How much return did Riverbed earn while the bond was held? Overall return earned on bonds \$
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