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all of the other problems here on chegg don't describe right on how they god...

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Accounting

imageall of the other problems here on chegg don't describe right on how they god the answer. can you make it step by step math to show how you got what and from where and each number to get the answer because I'm so confused

On January 1, 2020, Pharoah Company purchased $340,000, 8% bonds of Aguirre Co. for $313,745. The bonds were purchased to yield 10% interest. Interest is payable semiannually on July 1 and January 1. The bonds mature on January 1, 2025. Pharoah Company uses the effective-interest method to amortize discount or premium. On January 1, 2022, Pharoah Company sold the bonds for $315,215 after receiving interest to meet its liquidity needs. (a) Prepare the journal entry to record the purchase of bonds on January 1. Assume that the bonds are classified as available-for-sale. (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 O for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1, 2020 Debt Investments Cash Textbook and Media

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