Question: On March 3 1 , 2 0 1 9 , Brodie Corporation acquired bonds with a par value of $ 6 0 0 , 0

On March 31,2019, Brodie Corporation acquired bonds with a par value of $600,000 for $623,400. The bonds are due December 31,2024, carry a 11% annual interest rate, pay interest on June 30 and December 31, and are being held to matunty. The accrued interest is included in the acquisition pnce of the bonds. Brodie uses straight-line amortization.
Required:
Prepare journal entries for Brodie to record the purchase of the bonds and the first two interest receppts
On March 3 1 , 2 0 1 9 , Brodie Corporation

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