Question

Journalize the entries to record the following selected bond investment transactions for Jennings products:
a. Purchased for cash $40,000 of Tech Grove, Inc. 6% bonds at 100 plus accrued interest of $850.
b. Received first semiannual interest.
c. Sold $15,000 of the bonds at 102 plus accrued interest of $150.



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  • CreatedOctober 14, 2011
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