Question: please help me with rhis answer with the whole answer Question 4 of 6 -/17 View Police Current Attempt in Progress On January 1, 2020,

please help me with rhis answer with the whole answer
please help me with rhis answer with the whole answer Question 4
of 6 -/17 View Police Current Attempt in Progress On January 1,

Question 4 of 6 -/17 View Police Current Attempt in Progress On January 1, 2020, Sweet Company purchased 12% bonds, having a maturity value of $276.000 for $296.92488. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year, Sweet Company uses the effective interest method to allocate un amortized discount or premium. The bonds are classified s available for sale category. The fair value of the bonds at December 31 of each year-end is as follows 20:20 $294.800 2023 $286. 100 2021 $285.000 2024 5276.000 2022 $284 100 { bi id Prepare the journal entry at the date of the bond purchase Prepare the journal entries to record the interest revenue and recognition of fair value for 2020, Prepare the journal entry to record the recognition of fair value for 2021 (Round answers to 2 decimal places. 2,525.25. Credit account titles are automatically indented when amount is entered. Do not indent mancally. If no entry is required, select 'No Entry for the account titles and enter for the amounts) Date Account Tities and Explanation Debit Credit -/17 Date Account Tities and Explanation Debit Credit Jan 1.2020 Debt Investments 29692088 Cash 29692483 Dec 31, 2020 Interest Receivable 33120 Debtestments 342751 Interest Revenue 2969249 (To record interest received) To record fair value adjustment)

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