Bond $($held$-$to$-$maturity$)$ investments

The following bond investment transactions were completed by Starks Company:

Date Transaction

Jan. $31.$ Purchased $$66,000$ government bonds as a held$-$to$-$maturity investment at $100$ plus accrued interest for $1$ month. The bonds pay $7\%$ annual interest on July $1$ and January $1.$

July $1.$ Received semiannual interest on bond investment.

Aug. $30.$ Sold $$24,000$ bonds at $99$ plus accrued interest for $2$ months.

Question Content Area

a$.$ Journalize the entries for the preceding transactions. If an amount box does not require an entry, leave it blank.

DateAccountDebitCredit

Jan. $31$

July $1$

Aug. $30$

Question Content Area

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.

DateAccountDebitCredit

Dec. $31$

c$.$ Journalize the receipt of $$42,000$ at the bonds$$ maturity on July $1.$ If an amount box does not require an entry, leave it blank.

DateAccountDebitCredit

July $1$