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Record the sale of these bonds

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Question - On September 1, 2018, WV, Inc., bought $60,000 of MD Printer's 20-year, 6% bonds dated January 1, 2017, for $56,920 plus accrued interest. The bonds pay interest annually and are classified as held-to-maturity. On September 1, 2028, WV sold one-third of these bonds for $18,000 plus accrued interest. No entries relating to the bonds had been made since December 31, 2027. Straight-line amortization was used.

Required - Record the sale of these bonds.

Reference no: EM132850442

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