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Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $163,200 of Walker Co., 8% bonds on May 1 at their face

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Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $163,200 of Walker Co., 8% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. on November 1, Gonzalez Company sold $54,000 of the bonds for 98. Journalize entries to record the following in Year 1: For a compound transaction, if an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1. May Investments-Walker Co. Bopitishe blank 46415020760643 Gall in the blank B411027800 1 Cash b. The semiannual interest received on November 1. Nov. Cash fill in the blank 960245018194 1 Interest Revenue Gill in the blank 9602450c1118194 C. The sale of the bonds on November 1. Nov. 1 Cash fill in the blafildschefesa 2x4cfd4052 Loss on Sale of Investmentsill in the blafudsabietesa nerdefis40526 Investments-Walker Co. Bonidsthe blaidschatten 26a 34efd4052 d. The accrual of $1,456 Interest on December 31. Dec. 31 Interest Receivablefill in the blank d2413206001719_2 Interest Revenue fill in the blank d2432060178

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