7, please answer part d thanks On September 1, Bridgeport Ltd. purchased $76,200 of five-year, 8% bonds for $67,584, resulting in an effective (yield) rate of 11%.The bonds pay interest each March 1 and September 1. Bridgeport applies ASPE, accounts for the investment under the amortizedcost approach using the effective interest accounting policy, and has a December 31 year end. The following March 1, after receivingthe semi-annual interest on the bonds, Bridgeport sells the bonds for $70,234.(a)Prepare Bridgeport's journal entry for the purchase of the investment. (Credit account titles are automatically indented when theamount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Listdebit entry before credit entry.)Your answer is correct.Sep. 1(b)Date Account Titles and ExplanationBond Investment at Amortized CosteTextbook and MediaCashList of AccountsYour answer is correct.DateDec. 31Account Titles and ExplanationInterest ReceivablePrepare Bridgeport's journal entry for any adjusting entry needed at December 31. (Credit account titles are automatically indentedwhen the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for theamounts. List all debit entries before credit entries. Round answers to O decimal places, e.g. 5,275.)Bond Investment at Amortized CostDebitInterest Income67584Debit2032Credit44667584Attempts: 1 of 3 usedCredit2478 Prepare Bridgeport's journal entry for the receipt of interest on March 1. (Credit account titles are automatically indented when theamount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Listall debit entries before credit entries. Round answers to O decimal places, e.g. 5,275.)(d)Date Account Titles and ExplanationMar. 1CashBond Investment at Amortized CostDateInterest ReceivableeTextbook and MediaMar. 1Interest IncomeList of AccountsYour answer is partially correct.Account Titles and ExplanationCashDebitBond Investment at Amortized Cost3048Prepare Bridgeport's journal entry for the sale of the bond investment on March 1. (Credit account titles are automatically indentedwhen the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for theamounts. List all debit entries before credit entries. Round answers to O decimal places, e.g. 5,275.)Debit223Credit7023420321239Attempts: 1 of 3 usedCredit

Question

7, please answer part d thanks On September 1, Bridgeport Ltd. purchased $76,200 of five-year, 8% bonds for $67,584, resulting in an effective (yield) rate of 11%.The bonds pay interest each March 1 and September 1. Bridgeport applies ASPE, accounts for the investment under the amortizedcost approach using the effective interest accounting policy, and has a December 31 year end. The following March 1, after receivingthe semi-annual interest on the bonds, Bridgeport sells the bonds for $70,234.(a)Prepare Bridgeport's journal entry for the purchase of the investment. (Credit account titles are automatically indented when theamount is entered. Do not indent manually. If no entry is required, select &#34;No Entry&#34; for the account titles and enter O for the amounts. Listdebit entry before credit entry.)Your answer is correct.Sep. 1(b)Date Account Titles and ExplanationBond Investment at Amortized CosteTextbook and MediaCashList of AccountsYour answer is correct.DateDec. 31Account Titles and ExplanationInterest ReceivablePrepare Bridgeport's journal entry for any adjusting entry needed at December 31. (Credit account titles are automatically indentedwhen the amount is entered. Do not indent manually. If no entry is required, select &#34;No Entry&#34; for the account titles and enter O for theamounts. List all debit entries before credit entries. Round answers to O decimal places, e.g. 5,275.)Bond Investment at Amortized CostDebitInterest Income67584Debit2032Credit44667584Attempts: 1 of 3 usedCredit2478 Prepare Bridgeport's journal entry for the receipt of interest on March 1. (Credit account titles are automatically indented when theamount is entered. Do not indent manually. If no entry is required, select &#34;No Entry&#34; for the account titles and enter O for the amounts. Listall debit entries before credit entries. Round answers to O decimal places, e.g. 5,275.)(d)Date Account Titles and ExplanationMar. 1CashBond Investment at Amortized CostDateInterest ReceivableeTextbook and MediaMar. 1Interest IncomeList of AccountsYour answer is partially correct.Account Titles and ExplanationCashDebitBond Investment at Amortized Cost3048Prepare Bridgeport's journal entry for the sale of the bond investment on March 1. (Credit account titles are automatically indentedwhen the amount is entered. Do not indent manually. If no entry is required, select &#34;No Entry&#34; for the account titles and enter O for theamounts. List all debit entries before credit entries. Round answers to O decimal places, e.g. 5,275.)Debit223Credit7023420321239Attempts: 1 of 3 usedCredit

Accepted Answer

Although, only part d is asked but here part a,b and c is also answered to give a complete answer…