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The fair value G.On January 7 2019 Morgan Company acquires $ 300,000 of Nicklaus mc. 900 bonds at a poice of $278,384. The Intrest is
The fair value G.On January 7 2019 Morgan Company acquires $ 300,000 of Nicklaus mc. 900 bonds at a poice of $278,384. The Intrest is payibe. each December 31, and the bonds mature December 31,2021. The Investment will provide Morgan Company a 12%. Yield. The bonds. are classified as held for collection. a prepare a 3-year schedule of Intrest revenue and bond discount asmortization (Round to nearest Cent) (6) Poepare the receipt of appoopsite journal entry for the intrest December 31, 2020, with the discount amortization
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