Entries for IS: ffective interest Method 3. Prepare a bond amoniuaton schedue for the Mfe of the bondyuung the ellective ruscrit ereitiod. Note: When answerint the fofickite guestioni, round enzaers to the nearest whole doltar B Aecord the wntry loc the purchunit of the honds ty. West Campany on july 1 uf reare d Pecord the recept of interest on january 1 of Year 2. e. Record the sale of all of the bonds on January 2 of Year 2 for $415,250. 1. Retord the ad uttmens to the fair Value Adjustment account on December ay of Yeur 2 .assuming no additioral Is imiestinerits Entries for irM Debt Securities: Effective interest Method january 1 , and mature in thee years on julyy 1. The bonds arr ctasified as held to-matunity wenalies. West Compamys annwict repertint period ends December at: Asweme the offection interest method of amortiyation of any discount or premium Note when answering the foltowiris queswions, round aritwert to the neareu whole doitar. a Prepare a bond amortiration yohedule for Year 1 and Year 2 using the etlecure incecest method. b. Record the entry for the purchase of the bonds by West company onjuly 1 of Year 1 . c. Pecord the adjusting encry by West Company on December 31 of Year 1 . The fair value of the bonds at Decenber 31 of vear i was 581,000. d. Indicate the elfects of this investment on the Year 1 income statement and year-end balance sheet. - Aesped the recept of interest on jahiatry 1 or vest 2 . Fho bonds: Entries for IS: ffective interest Method 3. Prepare a bond amoniuaton schedue for the Mfe of the bondyuung the ellective ruscrit ereitiod. Note: When answerint the fofickite guestioni, round enzaers to the nearest whole doltar B Aecord the wntry loc the purchunit of the honds ty. West Campany on july 1 uf reare d Pecord the recept of interest on january 1 of Year 2. e. Record the sale of all of the bonds on January 2 of Year 2 for $415,250. 1. Retord the ad uttmens to the fair Value Adjustment account on December ay of Yeur 2 .assuming no additioral Is imiestinerits Entries for irM Debt Securities: Effective interest Method january 1 , and mature in thee years on julyy 1. The bonds arr ctasified as held to-matunity wenalies. West Compamys annwict repertint period ends December at: Asweme the offection interest method of amortiyation of any discount or premium Note when answering the foltowiris queswions, round aritwert to the neareu whole doitar. a Prepare a bond amortiration yohedule for Year 1 and Year 2 using the etlecure incecest method. b. Record the entry for the purchase of the bonds by West company onjuly 1 of Year 1 . c. Pecord the adjusting encry by West Company on December 31 of Year 1 . The fair value of the bonds at Decenber 31 of vear i was 581,000. d. Indicate the elfects of this investment on the Year 1 income statement and year-end balance sheet. - Aesped the recept of interest on jahiatry 1 or vest 2 . Fho bonds