eBook Show Me How Entries for bond (held-to-maturity) investments Demopoulos Company acquired $159,600 of Marimar Co.,...

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eBook Show Me How Entries for bond (held-to-maturity) investments Demopoulos Company acquired $159,600 of Marimar Co., 4% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Demopoulos Company sold $54,000 of the bonds for 97. Journalize the entries to record the following: If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1. May 1 38 b. The semiannual interest received on November 1. Nov. 1 88 c. The sale of the bonds on November 1. Nov. 1 d. The accrual of $704 interest on December 31. Dec. 31 eBook Show Me How Entries for bond (held-to-maturity) investments Demopoulos Company acquired $159,600 of Marimar Co., 4% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Demopoulos Company sold $54,000 of the bonds for 97. Journalize the entries to record the following: If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1. May 1 38 b. The semiannual interest received on November 1. Nov. 1 88 c. The sale of the bonds on November 1. Nov. 1 d. The accrual of $704 interest on December 31. Dec. 31