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Question - On 10-01-18, George purchased $100,000 of 3% bonds that mature on 03-01-23 for $100,000 plus accrued interest. George does not intend to hold the bonds until maturity, however, George plans to hold them for more than one year. The bonds pay interest every 09-01 and 03-01. The bonds were trading at 101 at 12-31-18 and 99 at 12-31-19. On 03-01-20, George sold all of the bonds at 99.5. These bonds are George's only investment. George closes its blooks every December 31. Prepare the entries George should make on:
a. 10-01-18.
b. 12-31-18.
c. 03-01-19.
d. 09-01-19.
e. 12-31-19.
f. 03-01-20.
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