Hello Experts,

I need help with my intermediate 2 accounting HW ( 3 questions total )

This information pertains to questions 1 and 2 Patton Company purchased $900,000 of 10% bonds of Scott Company on January 1, 2015, paying $846,225. The bonds mature January 1, 2025; interest is payable each July 1 and January 1. The discount of $53,775 provides an effective yield of 1 1 %. Patton Company uses the effective- interest method and plans to hold these bonds to maturity. (7 points) In order to obtain full credit, you must present the effective interest table, in proper form, from the date of purchase through January 1, 2016 1. On July 1, 2015, Patton Company should increase its Debt Investments account for the Scott Company bonds by 2. For the year ended December 31, 2015, Patton Company should report interest revenue from the Scott Company bonds of