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Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired 5208,800 of Makofske Company, 4% bonds on May 1, 20y5, at their

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Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired 5208,800 of Makofske Company, 4% bonds on May 1, 20y5, at their face amount, Interest is paid semiannually on May 1 and November 1 , On November 1, 20y5, Parilo sold $60,000 of the bonds for 96 . Joumblize 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 . 20 Ys May 1 b. The semiannual interest received on November 1 . 20 . 5 Nov. 1 c. The sale of the bonds an Noynmber 1 . 20 VS Nov. 1 d. The accrual of 5992 interest on December 31,20y5. 20ys Dec. 31

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