THE LAST ROW IN THIS SECOND PICTURE SAYS: AMORTIZED COST (PRESENT VALUE)

On January 1, 2020, Carla Corporation purchased a newly issued $1,350,000 bond. The bond matured on December 31, 2022, and paid interest at 6% every June 30 and December 31. The market interest rate was 8%. Carla's fiscal year-end is October 31, and the company had the intention and ability to hold the bond until its maturity date. The bond will be accounted using the amortized cost model. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Calculate the price paid for the bond using a financial calculator or Excel functions. (Round answers to 2 decimal places, eg 52.75.) PV S Prepare an amortization schedule for the bond. (Round answers to 2 decimal places, eg. 52.75.) Date Cash Received Interest Revenue Discount Amortization Amor (Prese Jan. 1, 2020 $ June 30, 2020 $ $ TA Dec. 31, 2020 June 30, 2021 Dec 31, 2021 June 30, 2022 Dec. 31. 2022 Prepare the journal entries on the books of Carla Corporation for each of the following dates. (Round answers to 2 decimal places, eg. 52.75. 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 account titles and enter O for the amounts.) January 1, 2020 . June 30, 2020 . October 31, 2020 . December 31, 2020 . December 31, 2022 (two entries) one for interest and one for maturity of bond Date Account Titles and Explanation Debit Credi June 30, 2020 Oct. 31, 2020 Dec. 31, 2020 Dec. 31, 2022 (To racere collection of interest Dec 31, 2022 To record maturity of bond) List of Accounts Accumulated Other Comprehensive Income Allowance for Investment Impairment Bond Investment at Amortized Cost cash Dividend Receivable Dividend Revenue FV-NI Investments FV-OCI Investments Gain on Sale of Investments GST Receivable Interest Expense Interest Income Interest Payable Interest Receivable Investment in Associats Investment Incoms ar Loss Loss on Discontinued Operations Loss on impairman: Loss on Sals of Investments No Entry Nore Investments: Amortized Cost Other investments Recovery of Loss from Impairman Rada insa Earnings Unrsaliss: Gain or Less