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On 10-01-16, Bandhan Company purchased 50 of Pfizer Company's $1,000, 3% bonds for $49,200. The Pfizer Company bonds were dated 10-01-16 and will mature on

On 10-01-16, Bandhan Company purchased 50 of Pfizer Company's $1,000, 3% bonds for $49,200. The Pfizer Company bonds were dated 10-01-16 and will mature on 10-01-19. Bandhan will receive interest every April 1 and October 1. On 08-01-18, Bandhan sold the bonds at 103 plus interest. The Pfizer Company's bonds are Bandhan's only investment in bonds. Bandhan classified the bonds as an available-for-sale investment. Bandhan closes its books every 12-31.

The bonds were trading at the following amounts as of the following dates:

  • 12-31-16 98
  • 12-31-17 102

Prepare the entries B should make on:

  1. 10-01-16.
  2. 12-31-16.
  3. 04-01-17.
  4. 12-31-17.
  5. 08-01-28.

And make explanations if needed.

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