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Debt Investment Transactions, Ayailabie-far-Sale Valuation Rekya Mart Inc is a general merchandise retail company that began operations on lanuary 1, Year 1. The following transactions
Debt Investment Transactions, Ayailabie-far-Sale Valuation Rekya Mart Inc is a general merchandise retail company that began operations on lanuary 1, Year 1. The following transactions refate to debt imveatiments acauired by Rekya Mart inc, which has a fiscal year ending on December 31: Vear 1 Apr. 1 Purchased $90,000 of Smoke Bay 6\%, 10-year bonds at their face amount plus accrued interest of s900. The bonds pay interest semiannually on february 1 and August 1. May 16 Purchased $42,000 of Geotherma C0. 4\%, 12-year bonds at their face amount plus accrued interest of $70. The bonds pay interest semiannualiy on May 1 and November 1. Aug. 1 Received semiannual interest on the Smoke Bay bonds. Sept. 1 Sold \$12,000 of Smoke Bay bonds at 101 plus accrued interest of $60. Nov. 1 Received semiannual interest on the Geotherma Co. bonds. Dec. 31 Accrued $1,950 interest on the Smoke Bay bonds. Dec. 31 Accrued $280 interest on the Getherma Co0, bonds. Year 2 Feb. 1 Recelved semiannual interest on the Smoke Bay bonds. May 1 Received semiannual interest on the Geotherma Co. bonds. Required: Nov. 1 Dec. 31-Smoke Bay Dec. 31-Geotherma Co. Year 2 Feb. 1 May 1
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