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Entries for Investment in Bonds, Interest, and Sale of Bonds Dristol Company acquired $159,000 of Reynolds Company, 6% bonds on April 1, 2016, at their

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Entries for Investment in Bonds, Interest, and Sale of Bonds Dristol Company acquired $159,000 of Reynolds Company, 6% bonds on April 1, 2016, at their face amount. Interest is paid semiannually on April 1 and October 1. On October 1, 2016, Dristol sold $46,800 of the bonds for 99. Journalize the entries to record the following: For a compound transaction, if an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on April 1. 2016 Apr. 1 b. The semiannual interest received on October 1. 2016 Oct. 1 c. The sale of the bonds on October 1. 2016 Oct. 1 d. The accrual of $1,683 interest on December 31, 2016. 2016 Dec. 31

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