Hardin Co.purchased $1,000,000 of 4% bonds of Westin Co.at face value on January 1,2018.The bonds pay interest on June 30 and December 31 each year.They mature on December 31,2022.Hardin intends to hold the Westin bond investment until maturity and has the ability to do so.
Requirements:
1.Journalize Hardin's transactions related to the bonds for 2018.Omit explanations.
2.Journalize the entry that Hardin will make on the maturity date of the Westin Co.bonds.Assume the last interest payment has already been recorded.Omit explanations.

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The Answer of Hardin Co.purchased $1,000,000 of 4% bonds of Westin Co.at face value on January 1,2018.The bonds pay interest on June 30 and December 31 each year.They mature on December 31,2022.Hardin intends to hold the Westin bond investment until maturity and has the ability to do so.
Requirements:
1.Journalize Hardin's transactions related to the bonds for 2018.Omit explanations.
2.Journalize the entry that Hardin will make on the maturity date of the Westin Co.bonds.Assume the last interest payment has already been recorded.Omit explanations.

Hardin CoPurchased $1,000,000 of 4% Bonds of Westin Co