RECOMMENDED!!AC 301-Sweet Corporation purchased, as a held-to-maturity

  

Sweet Corporation purchased, as a held-to-maturity investment, $63,000 of the 9%, 4-year bonds of Harrison, Inc. for $67,331, which provides a 7% return. The bonds pay interest semianually.Sweet’s journal entries for (a) the purchase of the investment, and (b) the receipt of semiannual interest and premium amortization are? Assume effective-interest amortization is used

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