on selling the stock in sis : A OU Maple Co.br Commercial is Five hundred sh bonds maturing in 15 years. The issued by ABC Corp., maturing in four months. company intends to hold the bonds until matunity d shares of Copper common stock. The com ay for a note due at that time at the bank. company plans to sell the stock in 60 shares of EG preferred stock. The company intends to hold the stock to sell it to help finance construction of a new factory. U.S. Treasury bonds. The company plans to sell the bonds on the open market in ays to help pay for a no Two hundred shar vears and then selli Ten-year U.S. 7 six months. 0 90-day U.S. Treasury bill. 10. A 90-da xercise 7-12 Pure 2 Purchase and Sale of Bonds es enters into the following transactions during 2016 and 2017: LO5 EXAMPLE 7- Starship Ente 2016 Jan. 1: -hased $100,000 face value of Northern Lights Inc. bonds at face value. The newly issued bonds have an interest rate of 8% paid semiannually on June 30 December 31. The bonds mature in five years. Received interest on the Northern Lights Inc, bonds. Received interest on the Northern Lights Inc. bonds. Show me how Rece Re June 30: Dec. 31: 2017 Sold the Northern Lights Inc. bonds for $102,000. Sold the Jan. 1: Required Prepare all necessary journal entries on Starships records to account for its investment in the Northern Lights bonds. 2. Why was Starship able to sell its Northern Lights bonds for $102,000? Exercise 7-13 Investment in Stock m orn nurchases 1,000 shares of the preferred stock of Denver - On October 20, 2010