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Flint Corporation had these transactions pertaining to debt investments: Jan. 1 Purchased 216 Carla Vista Co. 10% bonds (each with a face value of $1,000)
Flint Corporation had these transactions pertaining to debt investments: Jan. 1 Purchased 216 Carla Vista Co. 10% bonds (each with a face value of $1,000) for $216,000 cash. Interest is payable annually on December 31. Dec 31 Received annual interest on Carla Vista Co. bonds. Dec. 31 Sold 72 Carla Vista Co. bonds for $76,800. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record interest received) (To record sale of bonds) ALTA
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