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3rd - Ch 11 Exercises Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $188,400 of Makofske Company, 4% bonds on
3rd - Ch 11 Exercises Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $188,400 of Makofske Company, 4% bonds on May 1, 20Y5, at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, 2015, Parilo sold $55,800 of the bonds for 98. Journalize the entries to record the following under the cost method: If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1. 2015 May 1 b. The semiannual interest received on November 1. 2015 Nov. 1 c. The sale of the bonds on November 1. 2015 Nov. 1 d. The accrual of $884 interest on December 31, 20Y5. Check My Work 1 more Check My Work uses remaining. Previous
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