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EX 15-3 Entri Alton Co. es for investment in bonds, interest, and sale of bonds purchased $24,000 of 496, 10-year Davis County bonds on July

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EX 15-3 Entri Alton Co. es for investment in bonds, interest, and sale of bonds purchased $24,000 of 496, 10-year Davis County bonds on July 12 from the county at par value. The bonds pay semiannual interest o 201 , 2012, Afton Co. sold $6,000 of the Davis County h November 1. On December 98 plus $20 accrued interest, less a $100 brokerage commission. Provide the journal entries for: the purchase of the bonds on July 12, plus 72 days of accrued interest. a. b. semiannual interest on November 1. C. sale of the bonds on December 1. d. adjusting entry for accrued interest of $120 on December 31, 2012

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