Bocelli Co. purchased $120,000 of 6%, 20-year Sanz County bonds on May 11, 2016, directly from the
Question:
Provide journal entries for the following:
a. The purchase of the bonds on May 11, plus 40 days of accrued interest.
b. Semiannual interest on October 1.
c. Sale of the bonds on October 31.
d. Adjusting entry for accrued interest of $1,365 on December 31, 2016.
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a 2016 May 11 InvestmentsSanzCounty Bonds 120000 Interest Receivable 800 Cash 120800 120000 6 40 36...View the full answer
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285866307
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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