Brook Ltd. purchased 70 Meissner AG 9%, 10-year, 1,000 bonds on January 1, 2025, for 70,000. The

Question:

Brook Ltd. purchased 70 Meissner AG 9%, 10-year, €1,000 bonds on January 1, 2025, for €70,000. The bonds pay interest annually on January 1. On January 1, 2026, after receipt of interest, Brook sold 40 of the bonds for €40,300.

Instructions

Prepare the journal entries to record the transactions described above.

Journalize share investment transactions.

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