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Current Attempt in Progress Your answer is partially correct. Stellar Corporation purchased on January...

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Accounting

Current Attempt in Progress
Your answer is partially correct.
Stellar Corporation purchased on January 1,2025, as a held-to-maturity investment, $70,000 of the 7%,6-year bonds of Harrison, Inc. for $77,181, which provides a 5% return. The bonds pay interest semiannually.
Prepare Stellar's journal entries for (a) the purchase of the investment, and (b) the receipt of semiannual interest and premium amortization. Assume effective-interest amortization is used. (List all debit entries before credit entries. 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. Round answers to 0 decimal places, e.g.5,125.)
Date
Account Titles and Explanation
Debt Investments
Cash
Cash
Debt Investments
Interest Revenue
Debit
Credit
image

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