A33 Ex. 15.03

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Transactions for Bond (Held-to-Maturity) Investments Soto Industries Inc. is an athletic footware company that began operations on January 1, 20Y3. The following are bond (held-to-maturity) transactions by Soto Industries Inc., which has a fiscal year ending on December 31: Record these transactions on page 10 20Y3 Apr. 1 Purchased $100,000 of Welch Co. 6%, 15-year bonds at their face amount plus accrued interest of $500. The bonds pay interest semiannually on March 1 and September 1. Purchased: 100,000 Percentage: 6% Years: 15 Interest: 500 Apr. 1 Investments-Welch Co. Bonds Interest Receivable Cash 100,000 500 100,500 Jun. 1 Purchased $210,000 of Bailey 4%, 10-year bonds at their face amount-plus accrued interest of $700. The bonds pay interest semiannually on May 1 and November 1. Purchased: 210,000 Percentage: 4% 10 Interest: 700 Years: . Jun. 1 Investments-Bailey Bonds Interest Receivable Cash 210,000 700 210,700 Sep. 1 Received semiannual interest on the Welch Co. bonds. 3,000 Sep. 1 Cash Interest Receivable Interest Revenue 500 2,500 Sep. 30 Sold $40,000 of Welch Co. bonds at 97 plus accrued interest of $200. at: 97% Sold: Interest: 40,000 200 39,000 1,200 Sep. 30 Cash Loss on Sale of Investment Interest Revenue Investments-Welch Co. Bonds 200 40,000 Nov. 1 Received semiannual interest on the Bailey bonds. Nov. 1 4,200 Cash Interest Receivable Interest Revenue 700 3,500 Dec. 31 Accrued interest on the Welch Co. bonds. 1,200 Dec. 31 Interest Receivable Interest Revenue 1,200 Dec. 31 Accrued interest on the Bailey bonds. Dec. 31 1,400 Interest Receivable Interest Revenue 1,400 2014 Mar. 1 Received semiannual interest on the Welch Co. bonds. 3,000 Mar. 1 Cash Interest Receivable Interest Revenue 1-May Received semiannual interest on the Bailey bonds. 4,200 1-May Cash Interest Receivable Interest Revenue