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Entries for Investment in Bonds, Interest, and Sale of Bonds Co. purchased $120,000 of 6%, 20-year Sanz County bonds on May 11, 2016, directly from

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Entries for Investment in Bonds, Interest, and Sale of Bonds Co. purchased $120,000 of 6%, 20-year Sanz County bonds on May 11, 2016, 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, 2016, Bocelli Co. sold $30,000 of the Sanz plus $150 accrued interest, less a $100 brokerage commission. Do not round interim calculations. Round final answers to nearest dollar. For a compound transaction, if an amount box leave it blank. Assume a 360-day year a. Provide the journal entry for the purchase of the bonds on May 11, plus 40 days of accrued interest 2016 May 11 b. Provide the journal entry for semiannual interest on October 1 2016 Odt. 1 c. Provide the journal entry for the sale of the bonds on October 31 2016 Oct. 31

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