Bond Investment Transactions

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

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

a. Purchased for cash $120,000 of Iceline, Inc. 6% bonds at 100 plus accrued interest of $1,200.

b. Received first semiannual interest payment.Feedback

c. Sold $80,000 of the bonds at 103 plus accrued interest of $910.Feedback