On January 1, 2025, Bridgeport Company purchased 8% bonds having a maturity value of $360,000 for $390,329.57. The bonds provide the bondholders with a 6% yield. They are dated January 1, 2025, and mature January 1, 2030, with interest received on January 1 of each year. Bridgeport Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category.

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On January 1, 2025, Bridgeport Company purchased 8% bonds having a maturity value of $360,000 for $390,329.57. The bonds provide the bondholders with a 6% yield. They are dated January 1, 2025, and mature January 1, 2030, with interest received on January 1 of each year. Bridgeport Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category. On January 1, 2025, Bridgeport Company purchased 8% bonds having a maturity value of $360,000 for $390,329.57. The bonds provide the bondholders with a 6% yield. They are dated January 1, 2025, and mature January 1, 2030, with interest received on January 1 of each year. Bridgeport Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category.