Question: eBook Question Content Area Bond ( held - to - maturity ) investments The following bond investment transactions were completed by Starks Company: Date Transaction

eBook
Question Content Area
Bond (held-to-maturity) investments
The following bond investment transactions were completed by Starks Company:
Date Transaction
Jan. 31. Purchased $66,000 government bonds as a held-to-maturity investment at 100 plus accrued interest for 1 month. The bonds pay 5% annual interest on July 1 and January 1.
July 1. Received semiannual interest on bond investment.
Aug. 30. Sold $36,000 bonds at 97 plus accrued interest for 2 months.
Question Content Area
a. Journalize the entries for the preceding transactions. If an amount box does not require an entry, leave it blank.
DateAccountDebitCredit
Jan. 31
July 1
Aug. 30

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