Entries for bond (held-to-maturity) investments\ Gillooly Co. purchased

$360,000

of

6%,20

-year Lumpkin 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, Gillooly Co. sold

$90,000

of the Lumpkin County bonds at 98 plus

$450

accrued interest less a

$200

brokerage commission.\ Journalize the entries to record the following: Do not round interim calculations. Round final answers to nearest dollar. If an amount box does not require an entry, leave it blank. Assume a 360-day year.

Entries for bond (held-to-maturity) investments Gillooly Co. purchased $360,000 of 6%,20-year Lumpkin 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, Gillooly Co. sold $90,000 of the Lumpkin County bonds at 98 plus $450 accrued interest less a $200 brokerage commission. Journalize the entries to record the following: Do not round interim calculations. Round final answers to nearest dollar. If an amount box does not require an entry, leave it blank. Assume a 360-day year