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Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $157,800 of Walker Co., 6% bonds on May 1 at their face

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Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $157,800 of Walker Co., 6% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. on November 1, Gonzalez Company sold $47,400 of the bonds for 95. 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 1 b. The semiannual interest received on November 1. Nov. 1 C. The sale of the bonds on November 1. Nov. 1 10:36 May 1 b. The semiannual interest received on November 1. Nov. 1 C. The sale of the bonds on November 1. Nov. 1 111 d. The accrual of $1,104 interest on December 31. Dec. 31 Check My Work 2 more Check My Work uses remaining

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