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# Can Someone please Help me with a analysis of the work below. I already did all the calculations, I just need help describing what the numbers mean,

Can Someone please Help me with a analysis of the work below. I already did all the calculations, I just need help describing what the numbers mean, and how they relate to business. Please describe in detail so I may understand, Many thanks! Company name is AJ Corporation.

Journal Entries to Record Purchased of Bonds

Date Account Debit Credit

1-Jan-17 Investment in Bonds \$300,000

Cash \$308,373.53

Interest Amortization Table

Date Received Revenue Amortized of Bonds

1-Jan-17 \$308,373.53

30-Jun-17 \$19,500.00 \$18,502.41 \$997.59 \$307,375.94

31-Dec-17 \$19,500.00 \$18,442.56 \$1,057.44 \$306,318.50

31-Mar-18 \$9,750.00 \$9,189.55 \$560.45 \$305,758.05

Entry to Record the Interest Revenue as on June 30, 2017

Date Account Debit Credit

30-Jun-17 Cash \$19,500.00

Interest Revenue \$18,502.41

Entry to Record Interest Revenue as on December 31, 2017

Date Account Debit Credit

31-Dec-17 Cash \$19,500.00

Interest Revenue \$18,442.56

Entry to Record Interest Receivable on March 31, 2018

Date Account Debit Credit

31-Mar-18 Interest Receivable \$9,750.00

Interest Revenue \$9,189.55

Entry for Sale of Bonds on March 31, 2018

Date Account Debit Credit

31-Mar-18 Cash \$159,500.00

Investment in Bonds \$150,000.00

(\$300,000/2)

(\$8,373.53-\$997.59-\$1,057.44-\$560.45)/2

Interest Receivable \$4,875.00

(\$150,000x13%x6/12)

Gain on Sale of Bonds \$1,745.97

(To Record the sale of 50% of the value of bonds)

Entry for Retirement of Bonds on June 30, 2020

Date Account Debit Credit

30-Jun-20 Cash \$150,000.00

Investment in Bonds \$150,000.00

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