Musli Inc had the following transactions involving non strategic investments during

Musli Inc. had the following transactions involving non-strategic investments during 2014:


Required
1. Prepare an amortization schedule for the Barker bond showing only 2014 and 2015.
2. Prepare journal entries to record the preceding transactions.
3. Show how Musli Inc.’s investments will appear on its December 31, 2014, balance sheet.
Analysis Component: Musli Inc. purchased the Barker Inc. bond for less than its face value. Explainwhy.

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