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Bond Investment Transactions Journalize the entries to record the following selected bond investment transactions for Olson Products: For a compound transaction, if an amount box

Bond Investment Transactions

Journalize the entries to record the following selected bond investment transactions for Olson Products: For a compound transaction, if an amount box does not require an entry, leave it blank. Hide

a. Purchased for cash $66,000 of Hart Industries 6% bonds at 100 plus accrued interest of $660.

b. Received first semiannual interest payment.

c. Sold $44,000 of the bonds at 103 plus accrued interest of $500.

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