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Entries for bond (held-to-maturity) investments Demopoulos Company acquired $163,200 of Marimar Co., 4% bonds on May 1 at their face amount. Interest is paid semiannually
Entries for bond (held-to-maturity) investments Demopoulos Company acquired $163,200 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 $49,800 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 38 b. The semiannual interest received on November 1. Nov. 1 c. The sale of the bonds on November 1. Nov. 1 d. The accrual of $756 interest on December 31. Dec. 31 88
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