On June 30, $215,000 of 6 year, 8 Orbit bonds are issued at $195,945 to yield a market interest rate of 10 Interest is payable semi annually each June 30 and December 31 (a) Record the purchase of these bonds on June 30 and the receipt of the first interest payment on December 31 on the books of the investor assuming the bonds are to be held to maturity (Credit account titles are automatically indented when the amount is entered Do not indent manually Round answers to O decimal places, e g 5,275 If no entry is required, select No Entry for the account titles and enter for the amounts ) Date Account Titles and Explanation Debit Credit Dec 31 June U uecember 31 (a) Record the purchase of these bonds on June 30 and the receipt of the first interest payment on December 31 on the books of the investor assuming the bonds are to be held to maturity (Credit account titles are automatically indented when the amount is entered Do not indent manually Round answers to O decimal places, e 8 5 275 If no entry is required, select No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec 31 (b) Record the issue of the bonds on June 30 and the first interest payment on December 31 on the books of the investee (issuer) (Credit account titles are automatically indented when the amount is entered Do not indent manually Round answers to decimal places e 5 275 If no entry is required, select No Entry for the account titles and enter for the amounts ) Date Account Titles and Explanation Debit Credit

Question

On June 30, $215,000 of 6 year, 8  Orbit bonds are issued at $195,945 to yield a market interest rate of 10   Interest is payable semi annually each June 30 and December 31  (a) Record the purchase of these bonds on June 30 and the receipt of the first interest payment on December 31 on the books of the investor assuming the bonds are to be held to maturity  (Credit account titles are automatically indented when the amount is entered  Do not indent manually  Round answers to O decimal places, e g  5,275  If no entry is required, select  No Entry for the account titles and enter for the amounts ) Date Account Titles and Explanation Debit Credit Dec  31 June U uecember 31 (a) Record the purchase of these bonds on June 30 and the receipt of the first interest payment on December 31 on the books of the investor assuming the bonds are to be held to maturity  (Credit account titles are automatically indented when the amount is entered  Do not indent manually  Round answers to O decimal places, e 8 5 275  If no entry is required, select  No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec  31 (b) Record the issue of the bonds on June 30 and the first interest payment on December 31 on the books of the investee (issuer)  (Credit account titles are automatically indented when the amount is entered  Do not indent manually  Round answers to decimal places  e  5 275  If no entry is required, select  No Entry  for the account titles and enter for the amounts ) Date Account Titles and Explanation Debit Credit

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Question

On June 30, $215,000 of 6-year, 8% Orbit bonds are issued at $195,945 to yield a market interest rate of 10%. Interest is payable semi-annually

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