Business, 08.02.2021 19:20 nourmaali

On January 1, 2017, Ayayai Company purchased 8% bonds having a maturity value of $200,000, for $216,849.76. The bonds provide the bondholders with a 6% yield. They are dated January 1, 2017, and mature January 1, 2022, with interest receivable January 1 of each year. Ayayai Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category. On January 1, 2017, Ayayai Company purchasedOn January 1, 2017, Ayayai Company purchasedPrepare the journal entry at the date of the bond purchase. (Enter answers to 2 decimal places, e. g. 2,525.25. 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.)

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On January 1, 2017, Ayayai Company purchased 8% bonds having a maturity value of $200,000, for $216,...

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