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Journalize entries to record selected bond transactions

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Reference no: EM132597099

Question - Bond Investment Transactions

Journalize the entries to record the following selected bond investment transactions for Starks Products:

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

a. Purchased for cash $120,000 of Iceline, Inc. 6% bonds at 100 plus accrued interest of $1,200, paying interest semiannually.

b. Received first semiannual interest payment.

c. Sold $80,000 of the bonds at 102 plus accrued interest of $610.

Reference no: EM132597099

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