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Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $154,800 of Makofske Company, 4% bonds on May 1,20Y5, at their face

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Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $154,800 of Makofske Company, 4% bonds on May 1,20Y5, at their face amount. Interest is paid semiannually on May 1 and November 1 . On November 1,20Y5, Parilo sold $58,800 of the bonds for 99. Joumalize the entries to record the following under the cost method: If an amount box does not require an entry, leave it blank. a. The initiai acquisition of the bonds on May 1 . 20 S May 1 b. The semiannual interest recelved on November 1 . 20Y5 Nov, 1 c. The sale of the bonds on November 1 . 20 Y Nov, 1 d. The accrual of 5640 interest on December 31, 20 . 5 . 20%5 Dec. 31

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