About the bond investment transactions

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Reference no: EM13823290

Bond Investment Transactions

Journalize the entries to record the following selected bond investment transactions for Supper Club Trust:

For a compound transaction, if an amount box does not require an entry, leave it blank.

a. Purchased for cash $400,000 of Tyler City 6% bonds at 100 plus accrued interest of $2,000.

b. Received first semi annual interest payment.

c. Sold $200,000 of the bonds at 98 plus accrued interest of $1,000.

Reference no: EM13823290

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