Entries for bond (held-to-maturity) investments

Demopoulos Company acquired $142,200 of Marimar Co., 4% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Demopoulos Company sold $47,400 of the bonds for 96.

Journalize the entries to record the following:

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

a. The initial acquisition of the bonds on May 1.

May 1	CashInterest ReceivableInterest RevenueInvestments-Marimar Co. BondsNotes Receivable	- Select -	- Select -
	CashInterest ReceivableInterest RevenueInvestments-Marimar Co. BondsNotes Receivable	- Select -	- Select -

b. The semiannual interest received on November 1.

Nov. 1	CashInterest ReceivableInterest RevenueInvestments-Marimar Co. BondsNotes Receivable	- Select -	- Select -
	CashInterest ReceivableInterest RevenueInvestments-Marimar Co. BondsNotes Receivable	- Select -	- Select -

c. The sale of the bonds on November 1.

Nov. 1	CashGain on Sale of InvestmentsInterest ReceivableInterest RevenueInvestments-Marimar Co. Bonds	- Select -	- Select -
	Gain on Sale of InvestmentsInterest ReceivableInterest RevenueLoss on Sale of InvestmentsNotes Receivable	- Select -	- Select -
	CashGain on Sale of InvestmentsInterest ReceivableInvestments-Marimar Co. BondsNotes Receivable	- Select -	- Select -

d. The accrual of $632 interest on December 31.

Dec. 31	CashInterest ReceivableInterest RevenueInvestments-Marimar Co. BondsNotes Receivable	- Select -	- Select -
	CashInterest ReceivableInterest RevenueInvestments-Marimar Co. BondsNotes Receivable	- Select -	- Select -