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Entries for investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $162,000 of Makofske Company, 4% bonds on May 1, 2045, at their
Entries for investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $162,000 of Makofske Company, 4% bonds on May 1, 2045, at their face amount. Interest is paid semiannually on May 1 and November 1. on November 1, 2015, Parilo sold $54,600 of the bonds for 99. Journalize the entries to record the following: 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 b. The semiannual interest received on November 1. 20Y5 Nov. 1 C. The sale of the bonds on November 1. 2015 Nov. 1 d. The accrual of $716 interest on December 31, 2015. 2015 Dec. 31
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