Question

Journalize the entries to record the following selected bond investment transactions for Supper Club Trust:
a. Purchased for cash $400,000 of Tyler City 6% bonds at 100 plus accrued interest of $2,000.
b. Received first semiannual interest payment.
c. Sold $200,000 of the bonds at 98 plus accrued interest of $1,000.



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  • CreatedFebruary 28, 2014
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