On October 1, Marcus Corporation purchased $20,000 of 6% bonds of Roberts Corporation, due in 8½ years. The bonds were purchased at their face amount plus interest of $400 accrued from July 1, the date of the last semiannual interest payments. Journalize the purchase.

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The Answer of On October 1, Marcus Corporation purchased $20,000 of 6% bonds of Roberts Corporation, due in 8½ years. The bonds were purchased at their face amount plus interest of $400 accrued from July 1, the date of the last semiannual interest payments. Journalize the purchase.

On October 1, Marcus Corporation Purchased $20,000 of 6% Bonds