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Page 6 purchased as a long-term investment $800,000 of Doggod Corporation 10-year, 8% bonds. Present entries to record the following selected transactions for the current

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Page 6 purchased as a long-term investment $800,000 of Doggod Corporation 10-year, 8% bonds. Present entries to record the following selected transactions for the current year: June 1, 2015: Dec. 1, 2015: Dec. 1,2015: May 17, 2019: Purchased bonds for $737,500. Received semiannual interest. Amortized $4,000 of discount on bonds. Sold bonds at 98 plus accrued interest of $16,000. The broker deducted $800 for brokerage fees and taxes, remitting the balance. The bonds were carried at $764,000 at the time of the sale. pr

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