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On January 1, 2020, Concord Company purchased $328,000 warth of 839 bonds of Aguirre Co. for $302,673. The bonds ware purchased to yiald 1096 interest. Intersst is payable sami-annually, on July 1 and January 1 . The bonds mature on January 1,2025. Concord Company uses the effective interest mathod to amortize the discount or premium. On January 1,2022 , to mest its liquidity needs, Concord Company sold the bonds for $303,995, after receiving interest. Prepare the journal entry to racord the purchase of bonds on January 1. Assume that the bonds are classified as FV-OCl. (Credit account titles are automatically indented when the 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. Round answers to 0 decimal places, e. 8 5,275.J Date Account Titles and Explanation Debit Credit Jan. 1 eTextbook and Medla Prepars the amartization schedul for the bands. (Round answers to 0 decimal places, eg. 5.275.) Prepare the journal sntries to record the sami-annual intersst an July 1, 2020, and December 31,2020 . (Credit account titles are automatically indented when the 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. es. 5.275. Prepare the journal entries to record the sami-annual interest an July 1,2020 , and Dacamber 31,2020 . (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts. Round answers to 0 decimal places, eg. 5,275.) Assuming the fair value of Aguirre bonds is $305,635 on December 31,2021 , prapare the necessary adiusting entry. CAssume that the fair value adjustment on December 31,2020 was a debit of $2,768. ) (Credit account titler are automatically indented when the amount is entered. Do not indent manuallk 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. 5,275 . the 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.8. 5,275.) eTextbook and Medla Prepars the journal entry to record the sale of the bonds on January 1, 2022, including raclassifying hal ding Kains or losses to net income. (Credit account titles are automatically indented when the 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. 5.275.)

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