Question: interest method to amortize any premium or discount on investments in bonds. At December 3 1 , the bonds are quoted at 9 8 .

interest method to amortize any premium or discount on investments in bonds. At December 31, the bonds are quoted at 98. Note: When answering the following questions, round answers to the nearest whole dollar.
a. Prepare the entry for the purchase of the debt investment on January 1.
\table[[Date,Account Name,Debit,Credit],[Jan.1,,vv,],[,,vv,],[,To record the purchase of investment.,,]]
b. Prepare the entry for the receipt of interest on December 31.
\table[[Date,Account Name,,Debit],[Dec.31,,Credit,],[,,,],[,,,],[,,,],[,To record the receipt of interest.,,],[,,,]]
c. Record the entry to adjust the investment to fair value on December 31, if applicable.
Note: If a journal entry isn't required for the transaction, select "N/A-Debit" and "N/A-Credit" as the account names and leave the Dr. and Cr. answers blank (zero).
\table[[Date,Account Name,Debit,Credit],[Dec.31,,vv,],[,,vv,],[,To adjust investment to fair value.,,]]
interest method to amortize any premium or

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