On April $1,2007,$ Sean Co$.$ purchased $$160,000$ ponds for $$166,300$ plus accrued interest as an availab

Ex$.17-105-$Investment in debt securities at premium. for$-$sale security. Interest is paid on July $1$ and January $1$ and the bonds mature on July $1,2012.$

Sean Co purcher $$160,000$ of $6\%$

Solution $17-105$

Instructions

$($b$)$ The bonds are sold on November $1,2008,$ at $103$ plus accrued interest. Amortization was recorded when interest was received by the straight$-$line method $($by months and round to the nearest dollar$).$ Prepare all entries required to property record the sale.

$\backslash$table$[[$Date$,$Account Name,Debit,Credit$],[1$ Nov $2008,,,],[$Presente los computos de la Amortizaci$$n de la Prima hasta el $1$ Noviembre $2008$:$],[],[1$ Nov $2008,,,],[,,,],[\backslash$table$[[$Presente los computos de la Venta de Bonos: Proceeds $($Cash$)$ Received:$],[$Accrued Interest Revenue:$],[$Gain on Sales of Securities $($Bonds$)$:$]]],[]]$