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Calculator Print hem Dett tnvestment Transactions, Available- for- Sale veluation Rekya Mart Inc. is a general merchandise retail company that began operations on January 1,

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Calculator Print hem Dett tnvestment Transactions, Available- for- Sale veluation Rekya Mart Inc. is a general merchandise retail company that began operations on January 1, Year 1. The following transactions relate to debt investments acquired by Rekya Mart Inc, which has a fiscal year ending on December 31: Year 1 Purchased $72,000 of smoke Bay 4%, 10-year bonds at their face amount plus accrued interest of 1480The bonds pay interest semiannually on February 1 and August 1 Purchased S122,000 of Geotherma Co. 6%, 12-year bonds at their face amount plus accrued interest of S305. The bonds pay interest semiannually on May 1 and November 1 Received semiannual interest on the Smoke Bay bonds Seld $28,800 of Smoke Bay bonds at 104 plus accrued interest of $96. Received semiannual interest on the Geotherma Co. bonds Accrued S576 interest on Snoke Bay bonds. 1. y 16. Aug. 1. Sept. 1. Nov. 1. )Dee. 31 Dec. 31 Accrued $610 interest on Geotherma Co. bonds Year 2 Feb. 1. Received semiannual interest on the Smoke Bay bonds May 1. Received semiannual interest on the Geotherma Co. bonds Required 1. Joumaize the entries to recond these transactions. For a compound transaction, if an amount sox does not require an entry, leave it blank Description Previous Next Check My Work

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