Question
May.1 Purchased $75,000 of Asda Co. 7%, 15-year bonds at their face amount plus accrued interest of $875. The bonds pay interest semiannually on March
May.1 Purchased $75,000 of Asda Co. 7%, 15-year bonds at their face amount plus accrued interest of $875. The bonds pay interest semiannually on March 1 and September 1. May.16 Purchased $60,000 Cortein Co. 6%, 10-year bonds at their face amount plus accrued interest of $150. The bonds pay interest semiannually on May 1 and November 1. Sep .1 Received semiannual interest on the Asda Co. bonds. Sep.30 Sold $30,000 of Asda Co. bonds at 98 plus accrued interest of $175. Nov. 1 Received semiannual interest on the Cortein Co. bonds. Dec.31 Accrued $1050 interest on the Asda Co. bonds. Dec.31 Accrued $600 interest on the Cortein Co. bonds.
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