On January $1,2022,$ Riverbed Company acquires $$220,000$ of Nicklaus, Inc., $10\%$ bonds at a price of $$214,624.$ The interest is payable each December $31,$ and the bonds mature December $31,2024.$ The investment will provide Riverbed Company a $11\%$ yield. The bonds are classified as held$-$for$-$collection.

$($a$)$

Prepare a $3-$year schedule of interest revenue and bond discount amortization. $($Round answers to $2$ decimal places, e$.$g$.2,512\mathrm{.}37.)$

Date

Fill the boxes and also do part b

G$25$

A

Attempts: $1$ of $2$ used

$5$

$6$

$7$

$8$

$9$

$($b$)$

A$)$ In

$10$

$11$

ci

$12$

$13$

$14$

$15$

$16$

$17$

$18$

Prepare the journal entry for the interest receipt of December $31,2023,$ and the discount amortization. $($Round answers to $2$ decimal places, e$.$g$.2,512\mathrm{.}37.$ 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.$)$

Date Account Titles and Explanation

December

$31,2023$

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