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On January 1, 2020. Sweet Company porchased 9% bonds having a maturity value of $290,000 for $313.76232 The bonds provide the bondholders with a 7% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year, Sweet Company uses the effective interest method to allocate unamortired discount or premium. The bonds are classihed in the held-to-maturity category (5) Your answer is correct Prepare the journal entry at the date of the bond purchase. (Enter answers to 2 decimal places, ex2.525.25. 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 for the amounts) Date Account Titles and Explanation Debit Credit Jan. 1. Debt restments 31378232 2020 31378232 lo Your answer is partially correct Prepare the journal entry to record the interest revenue and the amortization at December 31, 2020. (Round answers to 2 decimal places, 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 for the amounts.) Date Account Titles and Explanation Debit Credit Dec 31. 2020 Interest Receivable Interest Revenue Debt investments e Textbook and Media List of Accounts Attempts: 1 of 12 used Submit Awwer Save for Later

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