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Entries for Bond (Held-to-Maturity) Investments Instructions Chart of Accounts Journal Instructions Demopoulos Company acquired $183,600 of Marimar Co., 4% bonds on May 1 at
Entries for Bond (Held-to-Maturity) Investments Instructions Chart of Accounts Journal Instructions Demopoulos Company acquired $183,600 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 $43,800 of the bonds for 97. Required: Journalize the entries to record the following: a. The initial acquisition of the bonds on May 1." b. The semiannual interest received on November 1.* c. The sale of the bonds on November 1." d. The accrual of $932 interest on December 31.* "Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Do not round your intermediate calculations and round final answers to the nearest dollar.
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