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Bond ( held - to - maturity ) investments The following bond investment transactions were completed by Starks Company: July 1 . Received semiannual interest

Bond (held-to-maturity) investments
The following bond investment transactions were completed by Starks Company:
July 1. Received semiannual interest on bond investment.
Aug. 30. Sold $42,000 bonds at 97 plus accrued interest for 2 months.
a. Journalize the entries for the preceding transactions. If an amount box does not require an entry, leave it blank.
Jan. 31
July 1
Aug. 30
b. Journalize the December 31 adjusting entry for semiannual interest earned on the bonds. If an amount box does not require an entry, leave it blank.
Dec. 31
?
c. Journalize the receipt of $24,000 at the bonds' maturity on July 1. If an amount box does not require an entry, leave it blank.
July 1
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