Question #6300014
Journalize the entries to record the following selected bond investment transactions?
I'm having a bit of trouble journalizing entries. 1 Purchased $400,000 of Daytona Beach 5% bonds at 100 plus accrued interest of $4,500. 2 Received the first semiannual interest. 3 Sold $250,000 of the bonds at 97, plus accrued interest of $1,800.
TELL US , if you have any answer