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Bocelli Co. purchased $96,000 of 7%, 15-year Sanz County bonds on May 11, Year 1, directly from the county, at their face amount plus accrued
Bocelli Co. purchased $96,000 of 7%, 15-year Sanz County bonds on May 11, Year 1, directly from the county, at their face amount plus accrued interest. The bonds pay semiannual interest on April 1 and October 1. On October 31, Year 1, Bocelli Co. sold $42,000 of the Sanz County bonds at 102 plus $245 accrued interest less a $940 brokerage commission. Do not round interim calculations. Round final answers to nearest dollar. For a compound transaction, if an
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