parsons co.

Project Description:

on september 1, 2012, parsons company purchased $84,000, 10 year, 7% government bonds at 100 plus accrued interest. the semi-annual interest payment dates are june 30 and december 31. interest calculations are done by the month.
required:
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journalize the entry to record the bond purchase.
journalize the receipt of interest on december 31, 2012.
journalize the february 1, 2013 sale of the bonds for $82,000 plus accrued interest.
Skills Required:
Project Stats:

Price Type: Negotiable

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