Question: Entries for HTM Debt Securities: Effective Interest Method discount or premium. Note: When answering the following questions, round answers to the nearest whole dollar. Financial

Entries for HTM Debt Securities: Effective Interest Method discount or premium. Note: When answering the following questions, round answers to the nearest whole dollar. Financial Statement Presentation Journal Entries in Year 2 a. Prepare a bond amortization schedule for Year 1 and Year 2 using the effective interest method. Entries for HTM Debt Securities: Effective Interest Method discount or premium. Note: When answering the following questions, round answers to the nearest whole dollar. Financial Statement Presentation b. Record the entry for the purchase of the bonds by West Company on July 1 of Year 1. c. Record the adjusting entry by West Company on December 31 of Year 1 . The fair value of the bonds at December 31 of Year 1 was $81,000. discount or premium. Note: When answering the following questions, round answers to the nearest whole dollar. d. Indicate the effects of this investment on the Year 1 income statement and year-end balance sheet. discount or premium. Note: When answering the following questions, round answers to the nearest whole dollar. e. Record the receipt of interest on January 1 of Year 2

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