On September 1, 2015, WV, Inc., bought $60,000 of MD Printer' 20-year, 6% bonds dated January 1, 2014, for $56,920 plus accrued interest. The bonds pay interest annually and are classified as held-to-maturity. On September 1, 2025, WV sold one-fourth of these bonds for $15,000 plus accrued interest. No entries relating to the bonds had been made since December 31, 2024. Straight-line amortization was used.
Required:
Record the sale of these bonds.

Question

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The Answer of On September 1, 2015, WV, Inc., bought $60,000 of MD Printer' 20-year, 6% bonds dated January 1, 2014, for $56,920 plus accrued interest. The bonds pay interest annually and are classified as held-to-maturity. On September 1, 2025, WV sold one-fourth of these bonds for $15,000 plus accrued interest. No entries relating to the bonds had been made since December 31, 2024. Straight-line amortization was used.
Required:
Record the sale of these bonds.