On January 1,2017 the company purchased 100 $1,000,5% Government of Ontario Savings bonds for 98.The bonds mature on December 31,2025 and pay interest semi-annually on June 30 and December 31.The company intends to hold the bonds as a short-term investment of idle cash.At December 31,2017,the end of the investor's fiscal year,the bonds were valued at 97.5.Then on March 31,2018,the company sold the bonds for 99.
Prepare journal entries for 2017 through 2018 relating to the above transactions.

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The Answer of On January 1,2017 the company purchased 100 $1,000,5% Government of Ontario Savings bonds for 98.The bonds mature on December 31,2025 and pay interest semi-annually on June 30 and December 31.The company intends to hold the bonds as a short-term investment of idle cash.At December 31,2017,the end of the investor's fiscal year,the bonds were valued at 97.5.Then on March 31,2018,the company sold the bonds for 99.
Prepare journal entries for 2017 through 2018 relating to the above transactions.

On January 1,2017 the Company Purchased 100 $1,000,5% Government of Ontario