On January 14, Blackwell Corporation purchased 20, 11%, $1,000 Eastman Company bonds for $21,000, plus brokerage fees of $400. On November 30, the company sold 10 of the Eastman Company bonds for $11,700, less $300 brokerage fees. Prepare journal entries for the purchase and sale of the Eastman Company bonds.

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The Answer of On January 14, Blackwell Corporation purchased 20, 11%, $1,000 Eastman Company bonds for $21,000, plus brokerage fees of $400. On November 30, the company sold 10 of the Eastman Company bonds for $11,700, less $300 brokerage fees. Prepare journal entries for the purchase and sale of the Eastman Company bonds.

On January 14, Blackwell Corporation Purchased 20, 11%, $1,000 Eastman