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not sure which parts are wrong or right On November 1, 2018, Feid Copperation acquired bonds with a foce velue of $700.000 for $073,618.61. The
not sure which parts are wrong or right
On November 1, 2018, Feid Copperation acquired bonds with a foce velue of $700.000 for $073,618.61. The bonds carry a stated rabe of interest of 10%, were purchesed to yeid t17h pay interest seciannually on Apri 30 and Oetober 31 , were purchased to be hivd to maturiss and are due October 31 , 2022. On November 1, 2019, inconiecolaten of a ingiar acqusinon, the bonds were sold foe 5700,000 . Feld is on a fiscal yoar accounting period ending October 31 and uses the effoctive interest method. Required: Prepare joumal entries to mecond the purchase of the bondz, the inferest recepos on Apri 30, 20r9, and Oetober 3t, 20r9, and Ihe sale of the bonds
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