airport co.

Project Description:

on august 1, 2011, airport company sold paxton company $1,000,000 of 10-year, 6% bonds, dated july 1 at 100 plus accrued interest. on march 1, 2012, paxton sold half of the bonds for $520,000 plus accrued interest. present entries to record the following transactions:

paxton company:
purchase of bonds on august 1, 2011.
receipt of first semiannual interest amount on december 31, 2011.
the sale of the bonds on march 1, 2012.
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Project Stats:

Price Type: Negotiable

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