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On February 1, 29, Sanders Company issued $516,000 of 7% bonds at 98. The bonds were dated December 31, 28, and pay interest on June

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On February 1, 29, Sanders Company issued $516,000 of 7% bonds at 98. The bonds were dated December 31, 28, and pay interest on June 30 and December 31. Required: Compute the cash received from the issuance of bonds. Cash received from issuance of bonds SU XS ? On February 1, 30, Greenstar Company purchased $48,000 of Garcia Company 8% bonds at 112. The bonds were dated December 31, 29, and pay interest on June 30 and December 31. Required: Journalize Greenstar Company's transaction to record the receipt of interest on June 30, 30. Date Account Title Debit Credit June 30

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