ructure.com courses/36773/assignments/326857?modulejtemid=461210 be Maps CurTONA P O On January 1, 2020, Monty Company purchased 12% bonds, having a maturity value of $276,000 for $296,924.88. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Monty Company uses the effective interest method to allocate unamortired discount or premium. The bonds are classified as available for sale category. The fair value of the bonds at December 31 of each year-end is as follows con port 2020 $294,800 2021 $285,000 2022 $284.100 2023 2024 $286,100 $276,000 (a) Prepare the journal entry at the date of the bond purchase. b) Prepare the journal entries to record the interest revenue and recognition of fair value for 2020 la Prepare the journal entry to record the recognition of fair value for 2021. (Round answers to 2 decimal places, es 2,525.25. 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 for the amounts) No. Date Account Titles and Explanation Debit Credit ture.com/courses/36773/assignments/326857?module_item_id=451210 (Round answers to 2 decimal places, s. 2,525.25. 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 for the amounts.) No. Date Account Titles and Explanation Debit Credit (To record interest received) (To record fair value adjustment) e Textbook and Media List of Accounts