Gadget Co invests in a $100,000 bond with an 8% coupon rate. The market rate of...

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Gadget Co invests in a $100,000 bond with an 8% coupon rate. The market rate of interest is 10% annually and it is a 5 year bond 1. Assuming the company invests on January 1st and only pays $92,418 for this bond, what is the journal entry on January 1st? Bond Investment Discount on bond investment Cash 2. Prepare a full amortization table for this bond: Purchase 3 Year 1 =Year 2 5 Year 3 5 Year 4 7 Year 5 B $4,000.00 $4,000.00 $4,000.00 $4,000.00 $4,000.00 100,000 Cash Received Interest Revenue Amortized Value Carrying Value 92418 $4,620.90 $4,651.95 $4,684.54 $4,718.77 $4,754.71 $620.90 $651.95 7582 92418 $684.54 $718.77 $754.71 $93,038.90 $93,690.85 $94,375.39 $95,094.16 $95,848.86 Gadget Co invests in a $100,000 bond with an 8% coupon rate. The market rate of interest is 10% annually and it is a 5 year bond 1. Assuming the company invests on January 1st and only pays $92,418 for this bond, what is the journal entry on January 1st? Bond Investment Discount on bond investment Cash 2. Prepare a full amortization table for this bond: Purchase 3 Year 1 =Year 2 5 Year 3 5 Year 4 7 Year 5 B $4,000.00 $4,000.00 $4,000.00 $4,000.00 $4,000.00 100,000 Cash Received Interest Revenue Amortized Value Carrying Value 92418 $4,620.90 $4,651.95 $4,684.54 $4,718.77 $4,754.71 $620.90 $651.95 7582 92418 $684.54 $718.77 $754.71 $93,038.90 $93,690.85 $94,375.39 $95,094.16 $95,848.86