Question: On August 1 , 2 0 2 5 , Sandhill Company acquired 1 1 6 0 , $ 1 0 0 0 , 8 %

On August 1,2025, Sandhill Company acquired 1160,$1000,8% bonds at 98 plus

On August 1,2025, Sandhill Company acquired 1160,$1000,8% bonds at 98 plus accrued
interest. The bonds were dated May 1,2025, and mature on April 30,2030, with interest paid
each October 31 and April 30. The bonds will be added to Sandhill's available-for-sale
portfolio. The entry to record the purchase of the bonds on August 1,2025 is
Debt Investments1136800
Interest Receivable23200
Cash 1160000
Debt Investments1160000
Interest Revenue 23200
Discount on Debt Investments 23200
Cash 1160000
Debt Investments 1136800
Interest Revenue 23200
Cash 1160000
Debt Investments1160000
Cash 1160000
accrued interest. The bonds were dated May 1,2025, and mature on April

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