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On January 1, a company purchased 5%, 10-year corporate bonds for $55,537,005 as an investment....

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Accounting

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On January 1, a company purchased 5%, 10-year corporate bonds for $55,537,005 as an investment. The bonds have a face amount of $60 million and are priced to yield 6%. Interest is paid semiannually. Prepare a partial amortization table at the effective interest rate on June 30 and December 31 Prepare the journal entries necessary to record revenue at the effective interest rate on June 30 and December 31 Complete this question by entering your answers in the tabs below Amort Table General Journal Prepare a partial amortization table at the effective interest rate on June 30 and December 31. (Round your intermediate calculations to the nearest dollar amount. Enter your answers in whole dollars. Round final answers to the nearest whole dollar.) Cash Interest Bond Interest Discount Period-End January 1 June 30 December 31 Revenue Amortization Carrying V $ 55,537,005 55,703,115 1,500,000 1,671,093 7109355,874,208 S 1,500,000 $ 1,666,110S 166,110 General Journal >

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