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(12 points - 3 each) Pincher Company purchased 50 Issac Company 12%, 10-year, $1,000 bonds on January 1, 2014, for $50,000. The bonds pay interest
(12 points - 3 each) Pincher Company purchased 50 Issac Company 12%, 10-year, $1,000 bonds on January 1, 2014, for $50,000. The bonds pay interest June 30 and December 31. On January 1, 2015, after receipt of interest, Pincher Company sold 30 of the bonds for $28,300. Instructions Prepare the journal entries to record the transactions described above. Show dates
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