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Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $209,400 of Makofske Company, 6% bonds on May 1, 2015, at

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Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $209,400 of Makofske Company, 6% bonds on May 1, 2015, at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, 2015, Parilo sold $49,200 of the bonds for 99. Journalize the entries to record the following under the cost method: If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1. 2015 May 1 38 b. The semiannual interest received on November 1. 2015 Nov. 1 88 c. The sale of the bonds on November 1. 2015 Nov. 1 88 d. The accrual of $1,602 interest on December 31, 2015. 20YS Dec. 31 38

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