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i need ASAP Entries for bond (held-to-maturity) investments The following bond investment transactions were completed by Starks Company: Jan. 31 Purchased 42,$1,000 government bonds at
i need ASAP
Entries for bond (held-to-maturity) investments The following bond investment transactions were completed by Starks Company: Jan. 31 Purchased 42,$1,000 government bonds at 100 plus accrued interest of $210(1 month). The bonds pay 6% annual interest on July 1 and January 1. July 1 Recelved semiannual interest on bond investment. Aug. 30 Sold 18,$1,000 bonds at 96 plus $180 accrued interest ( 2 months). a. Journalize the entries for these transactions. Assume a 360-day year. Do not round interim calculations. Round final answers to nearest dollar. If an amount box does not require an entry, leave it blank. Check My Work b. Journalize the December 31 adjusting entry for semiannual interest earned on the bonds. Assume a 360 -day year. Do not round interim calculations. Round final answers to nearest dollar. If an amount box does not require an entry, leave it blank. Feedback. Check Mr Work c. Journalize the receipt of $24,000 at the bonds' maturity on July 1. If an amount box does not require an entry, leave it blank. July. 1 X b. Journalize the December 31 adjusting entry for semiannual interest earned on the bonds. Assume a 360 -day year. Do not round interim calculations. Round final answers to nearest dollar. If an amount box does not require an entry, leave it blank Step by Step Solution
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