Shown below is an amortization schedule related to Any Company's 5 year , FEUD. ODD band with T`` interest rate and a 5.96 yield , purchased on...
Problem 1:
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Shown below is an amortization schedule related to Any Company's 5 year , FEUD. ODD band with T`` interest rate and a 5.96 yield , purchased on December 31 , 2015, For$5. 43. 304.Interest RECEIVEDInterest incomTEPremium amortization*1\Carrying amount*The following shows a comparison of the amortizedIZ/31MEFE 43. 300Cast and fair Value of the bonds at year End`Z131MTF.3.5, 000FIT, TESFT , 8:355:35, 4615Amortized CostFair VALUE2/31ME35, 20025, 17:33 . 2 27DECEMBER }1 .\F525. 4 5`25.37.50012131/1.5ZOTT3.5, 200\25, 36251.B . GOD12/31/2035, 10025, 5:3050.5, 5 :DECEMBER 371 .527, 32}ZOTE12/31/2135, 20025. 470DECEMBER 31 .\5TB, EQU5.28. 250201.4DECEMBER 31.50.4. 5:3051.5, 0017DECEMBER 31 .`50.0, 0002021Questions "1 . PREMIERE joumal Entry to record the purchase of these bands on December 31, 2015, assuming the band's are held as financial assets at ambitized costANSWER :`DECEMBER 31, 201E`2. FREPETE the journal EntryTIES ; related to these bands for 2017 .ANSWER ."DECEMBER 31, 20173 . Prepare the journal Entry`Es ; related to theSE bonds for 201.5.ANSWER .DECEMBER 31, 201.54 . What should be reported as the carrying amount of these bands in the statement of financial position on December 31 , 2020 ?)ANSWER !`Investment in bonds , at amortized cost - \
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