Apr. 1 Purchased for cash $372,000 of Vasquez City 3% bonds at 100 plus accrued interest of $2,790. June 30 Received first semiannual interest payment. July 31 Sold $139,200 of the bonds at 98 plus accrued interest of $348. Aug. 1 Received face value of remaining bonds at their maturity. Required: Journalize the entries to record the above selected bond investment transactions for Beacon Trust. 

journals entries

Answer rating: 100% (QA)

April 1 Debit Bond Investment Ac Vasquez City 3 bonds 374790 Credit Cash Ac 374790 June 3... View the full answer