Bond (Held-to-Maturity)Investment

Journalize the entries to record the following selected bond investment transactions for Marr Products:

If an amount box does not require an entry, leave it blank.

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a. Purchased for cash $180,000 of Hotline Inc. 5% bonds at 100 plus accrued interest of $1,500.

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b. Received first semiannual interest payment.

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c. Sold $90,000 of the bonds at 102 plus accrued interest of $750.

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d. Received face value of remaining bonds at their maturity.