=+EX 15-2 Entries for investment in bonds, interest, and sale of bonds obj. 2

✔ Dec. 1, Loss on sale of investments,

$20 The following bond investment transactions were completed during 2010 by Torrence Company:

Jan. 21. Purchased 30, $1, 000 par value government bonds at 100 plus 20 days’

accrued interest. The bonds pay 6% annual interest on June 30 and January 1.

June 30. Received semiannual interest on bond investment.

Sept. 5. Sold 12, $1,000 par value bonds at 98 plus $134 accrued interest.

a. Journalize the entries for these transactions.