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Gaelic Industries Inc. is an athletic company that operations on January 1. 2016. The following transactions rotate to debit investments acquired by Gaelic Industries Inc.
Gaelic Industries Inc. is an athletic company that operations on January 1. 2016. The following transactions rotate to debit investments acquired by Gaelic Industries Inc. which has a fiscal year ending on December 31. Record these transactions on page 10 May 1 Purchased $83.400 of Avery Co. 7%, 15-year bonds at their face amount plus accrued interest of $973. The bonds pay interest semiannually on March 1 and September 1. 16 Purchased $62.400 of Clawhammer 6%, 10 - year bonds at their face amount plus accrued $62, 400 of clawhammer 6%, 10-year bonds at face amount plus accrued interest of $156. The bonds pay interest semiannually on May 1 and November 1. Sept 1. Received semiannual interest on the Avery Co. bonds. 30 Sold $34.800 of Avery co bonds at 99 plus accrued interest of $203. Nov 1 Received semiannual interest on the Clawhammer bonds Dec. 31 Accrued $1.134 Interest on the Avery Co. bonds 31. Accrued $1.134 interest on the clawhammer bonds. Record these transactions on page 11 2017 Mar 1 Received semiannual interest on the Avery Co. bonds May 1 Received semiannual interest on the Clawhammer bonds Journalize the entries to record these transactions. be sure to enter the year as port of the date for the first entry on each page refer to the information given and the Chart of Accounts provided for the exact wording of the answer choices for text entries in your computations round per share amounts to two decimal places
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