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Entries for Investment in Bonds, Interest, and Sale of Bonds Bocelli Co. purchased $75,000 of 9%,12-year Sanz County bonds on May 11 , Year 1

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Entries for Investment in Bonds, Interest, and Sale of Bonds Bocelli Co. purchased $75,000 of 9%,12-year Sanz County bonds on May 11 , Year 1 , 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, Year 1, Bocelli Co. sold $30,000 of the Sanz County bonds at 103 plus $225 accrued interest less a $1,000 brokerage commission. Do not round interim calculations. Round final answers to nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. Assume a 360-day year: a. Provide the journal entry for the purchase of the bonds on May 11 plus 72 days of accrued interest. Yea Feedback Check My Wok b. Provide the journal entry for the semiannual interest on October 1 . c. Provide the journal entry for the sale of the bonds on October 31 . Year 1 Feedback Check My Work d. Provide the adjusting entry for accrued interest of $675 on December 31 , Year 1

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