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27-3 February 2019. On January 1, 2019, Parsons Company purchased $84,000,10 year, 7% government bonds at 100 . The semi-annual interest payment dates are June
27-3 February 2019. On January 1, 2019, Parsons Company purchased $84,000,10 year, 7% government bonds at 100 . The semi-annual interest payment dates are June 30 and December 31.Journalize the February 1, 2020 sale of the bonds for $82,000 plus accrued interest for one month. Debit Cash $82,490; Credit Investment \$ 82,490 Debit Cash $82,490; Loss on sale of Investment \$2,000; Credit Investment \$ 84,000; Credit Interest Revenue $490 Debit Cash $82,940; Loss on sale of Investment \$2,000; Credit Investment \$ 84,000 ; Credit Interest Revenue $2,94090 Option 3 27-3 February 2019. On January 1, 2019, Parsons Company purchased $84,000,10 year, 7% government bonds at 100 . The semi-annual interest payment dates are June 30 and December 31.Journalize the February 1, 2020 sale of the bonds for $82,000 plus accrued interest for one month. Debit Cash $82,490; Credit Investment \$ 82,490 Debit Cash $82,490; Loss on sale of Investment \$2,000; Credit Investment \$ 84,000; Credit Interest Revenue $490 Debit Cash $82,940; Loss on sale of Investment \$2,000; Credit Investment \$ 84,000 ; Credit Interest Revenue $2,94090 Option 3
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