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continous question

Bocelli Co. purchased $39,000 of 9%, 10-year Sanz County bonds on May 11, Year 1, directly from the county, at their face amount plus accrued interest. The bonds pay semiannual interest on April 1 and October 1. On October 31, Year 1, Bocelli Co. sold $12,000 of the Sanz County bonds at 102 plus $90 accrued interest less a $270 brokerage commission. Do not round interim calculations. Round final answers to nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. Assume a 360-day year. a. Provide the journal entry for the purchase of the bonds on May 11 plus 72 days of accrued interest. Year 1 May 11 Investments-Sanz County Bonds 39,000 Interest Receivable Cash b. Provide the journal entry for the semiannual interest on October 1. Cash Year 1 Oct. 1 Interest Receivable 99 Interest Revenue c. Provide the journal entry for the sale of the bonds on October 31. Year 1 Oct. 31 Cash Loss on Sale of Investments Interest Revenue 90 Investments-Sanz County Bonds d. Provide the adjusting entry for accrued interest of $405 on December 31, Year 1. Year 1 Dec. 31 Interest Receivable Interest Revenue Seamus Industries Inc. buys and sells investments as part of its ongoing cash management. The following investment transactions were completed during the year: Feb. 24 May 16 July 14 Acquired 700 shares of Tett Co. stock for $108 per share plus a $287 brokerage commission. Acquired 1,300 shares of Issacson Co. stock for $32 per share plus a $91 commission. Sold 300 shares of Tett Co. stock for $120 per share less a $78 brokerage commission. Sold 500 shares of Issacson Co. stock for $25 per share less a $78 brokerage commission. Received dividends of $0.42 per share on Tett Co. stock. Aug. 12 Oct. 31 Journalize the entries for these transactions. In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. Feb. 24 Investments-Tett Co. Stock 75,887 Cash 75,887 May 16 Investments-Issacson Co. Stock 41,691 Cash 41,691 July 14 Cash 35,922 Gain on Sale of Investments Investments-Tett Co. Stock Cash Aug. 12 Loss on Sale of Investments I!! ill Investments-Tett Co. Stock Oct. 31 Cash Cash Dividends