Question: I do not understand entry B and why my answers are wrong. Practice Brief Exercise 17-01 Your answer is partially correct. Try again Indigo Company

 I do not understand entry B and why my answers are

I do not understand entry B and why my answers are wrong.

Practice Brief Exercise 17-01 Your answer is partially correct. Try again Indigo Company purchased on January 1, 2020, as a held-to-maturity investment, $107,000 of the 6%, 6-year bonds of Harrison, Inc. for $96,958, which provides a 8% return. The bonds pay interest semiannually. Prepare Indigo's journal entries for (a) the purchase of the investment, and (b) the receipt of semiannual interest and discount amortization. Assume effective-interest amortization is used. (Round answers to 0 decimal places, e.g. 5,125. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)) Account Titles and Explanation Debit Credit (a) Debt Investments 96958 Cash 96958 (b)TCash 3210 Debt Investments 5817 Interest Revenue 9027 Open Show Work Click if you would like to Show Work for this question: Please save your WhiteBoard work as an image and send to your instructor outside of WilleyPLUS SHOW LIST OF ACCOUNTS LINK TO TEXT Question Attempts: Unlimited CHECK

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