S company isssued bonds on Jan 1 year 14. interest payments are made semi annualy on july 1& Jan1 of each year the effective inetrst rate of amortizaion is used

face value 200,000 proceeds from bonds 213,590

stated interest rate 9% life of bonds 10

market inerest rate 8%

on jan 1 year 16 P purchased i nrhe market some of S company's bonds.

face balue of bonds purchased $75000 market interest rate in 1-1-16 10%

purchase price of bonds 70,936

how would the adjustment entries look as well as the consolidation entries for the bonds

thanks