Journalize the entries to record the following selected bond investment transactions for Southwest Bank:
(a)Purchased $400,000 of Daytona Beach 5% bonds at 100 plus accrued interest of $4,500.(b)Received the first semiannual interest.(c)Sold $250,000 of the bonds at 97, plus accrued interest of $1,800.

Question

Quizplus · Accepted Answer

The Answer of Journalize the entries to record the following selected bond investment transactions for Southwest Bank:
(a)Purchased $400,000 of Daytona Beach 5% bonds at 100 plus accrued interest of $4,500.(b)Received the first semiannual interest.(c)Sold $250,000 of the bonds at 97, plus accrued interest of $1,800.

Journalize the Entries to Record the Following Selected Bond Investment