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Current Attempt in Progress The following information relates to the debt securities investments of Sheffield Company. On February 1 , the company purchased 1 1
Current Attempt in Progress The following information relates to the debt securities investments of Sheffield Company. On February the company purchased bonds of Gibbons Co having a par value of $ at plus accrued interest. Interest is payable April and October On April semiannual interest is received. On July bonds of Sampson, Inc. were purchased. These bonds with a par value of $ were purchased at plus accrued interest. Interest dates are June and December On September bonds with a par value of $ purchased on February are sold at plus accrued interest. On October semiannual interest is received. On December semiannual interest is received. On December the fair value of the bonds purchased February and July are and respectively. Prepare any journal entries you consider necessary, including yearend entries December assuming these are availableforsale securitiesList all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. No in
Current Attempt in Progress
The following information relates to the debt securities investments of Sheffield Company.
On February the company purchased bonds of Gibbons Co having a par value of $ at plus accrued
interest. Interest is payable April and October
On April semiannual interest is received.
On July bonds of Sampson, Inc. were purchased. These bonds with a par value of $ were purchased at plus
accrued interest. Interest dates are June and December
On September bonds with a par value of $ purchased on February are sold at plus accrued interest.
On October semiannual interest is received.
On December semiannual interest is received.
On December the fair value of the bonds purchased February and July are and respectively.
Prepare any journal entries you consider necessary, including yearend entries December assuming these are availableforsale
securitiesList all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent
manually. If no entry is required, select No Entry" for the account titles and enter for the amounts.
No
in
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