Question: On October 1 , Bramble Ltd . purchased 7 % bonds with a face value of $ 1 , 0 0 0 for trading purposes,

On October 1, Bramble Ltd. purchased 7% bonds with a face value of $1,000 for trading purposes, accounting for the investment at FV-NI. The bonds were priced at 1.020 to yield Bramble 3% and pay interest annually each October 1. Bramble has a December 31 year end, and at this date, the bonds' fair value was $1,055. Assume Bramble applies IFRS.Prepare Bramble's journal entry for the purchase of the investment. (Credit account titles are automatically indented when the 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. List debit entry before credit entry.)Account Titles and ExplanationDebitCreditF1@2WSList of AccountsPrepare Bramble's journal entry for the December 31

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