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View Policies Current Attempt in Progress QU QU On July 2, 2021. Corso in purchased 5580,000 of Bere Corp.5% bonds at a price of 536,857

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View Policies Current Attempt in Progress QU QU On July 2, 2021. Corso in purchased 5580,000 of Bere Corp.5% bonds at a price of 536,857 to yield a market interest rate of 6% The bonds pay interest semi-annually on July 1 and January 1, and mature only 1, 2031. Corso plans to hold this investment until it matures. At December 31, 2021, which is the year end for both companies, the bonds were trading at 94 (this means 94% of face value) Qu (b) For Bere, the investee (issuer), record. (Listell debitentries before credit entries, Credit account titles are automatically indented when the amount is entered, Do not indent manually. Round answers to decimal places, s. 5.250. Irio entry is required, select "No Entry for the account titles and enter for the amounts) 1 the issue of the bonds on July 2, 2021 2 the accrual of Interest on December 31, 2021 3 the payment of interest on January 1, 2022 and 4 the payment of interest on July 1, 2022 Date Account Titles and Explanation Debit Credit 2021 July 2 Dec 31 2022 Jan 1 July 1

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