EX 15-2

Chapter 15 Investments and Fair value Accounting c. The sale of the bonds on November 1. d. The accrual of $1,000 interest on December 31, 2016. Ex 15-2 Entries for investments in bonds, interest, and sale of bonds OBJ. 2 on october 1, 2016. The bonds pay interest 7% bonds at their face amount Kalyagin on october 1 and April 1. April 1, 2017, sold $80,000 of Jerris Corp. bonds at 103. Journalize the entries to record the following: a. The initial acquisition of the Jerris Corp. bonds on October 1, 2016. b. he adjusting entry for three months of accrued interest earned on the Jerris Corp. bonds on December 31, 2016 c. The receipt of semiannual interest on April 1, 2017. d. The sale of $80,000 of Jerris Corp. bonds on April 1, 2017, at 103