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Entries for Investment in Bonds, Interest, and Sale or Bonds Parlo Company acquired $134,400 of Makofske Company, 8% bonds on May 1, 2045, at their
Entries for Investment in Bonds, Interest, and Sale or Bonds Parlo Company acquired $134,400 of Makofske Company, 8% bonds on May 1, 2045, at their face amount. Interest is paid semiannually on May 1 and November 1. on November 1, 20YS, Parilo sold $49,200 of the bonds for 96. 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. 2045 May 1 Accounting numenc field b. The semiannual interest received on November 1. 2015 Nov. 1 DEP-10 DNI c. The sale of the bonds on November 1 20Y5 Nov. 1
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