Submit your detailed QOn January 1, 2009, Roosevelt Company purchased 12% bonds, having a maturity value of $500,000, for $537,907.40. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2009, and mature on January 1, 2014, with interest receivable December 31 of each yearuestion here… Prepare the journal entry to record the interest received and the amortization for 2012.
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