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Posted on Jul 23, 2024

Griole Company purchased 7 0 Rinehart Company 9 % , 1 0 - year, $ 1 , 0 0 0 bonds on January 1 ,

Griole Company purchased

70

Rinehart Company

9 %, 10 -

year, $

1, 000

bonds on January

1, 2022,

for $

70, 000 .

The bonds pay interest annually on January

1 .

On January

1, 2023,

after receipt of interest, Oriole Company sold

55

of the bonds for $

49, 000 .

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