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Entries for bond (held-to-maturity) investments The following bond investment transactions were completed by Starks Company: Jan. 31 Purchased 24, $1,000 government bonds at 100 plus
Entries for bond (held-to-maturity) investments The following bond investment transactions were completed by Starks Company: Jan. 31 Purchased 24, $1,000 government bonds at 100 plus accrued interest of $120 ( 1 month). The bonds pay 6% annual interest on July 1 and January 1. July 1 Received semiannual interest on bond investment. Aug. 30 Sold 9,$1,000 bonds at 98 plus $90 accrued interest ( 2 months). entry, leave it blank. dollar. If an amount box does not require an entry, leave it blank. Dec. 31 Feedback Vheck My Work b. Remember to accrue the interest only on the remaining bonds after the sale. Use the same formula as in part a adjusted for the appropriate time period
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