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Pharoah Corporation had these transactions pertaining to debt investments: Jan. 1 Purchased 93 Martine Co. 10% bonds (each with a face value of $1,000) for

Pharoah Corporation had these transactions pertaining to debt investments:

Jan. 1 Purchased 93 Martine Co. 10% bonds (each with a face value of $1,000) for $93,000 cash. Interest is payable annually on July 1 and January 1.
July 1 Received annual interest on Martine Co. bonds.
July 1 Sold 32 Martine Co. bonds for $33,390.

Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date

Account Titles and Explanation

Debit

Credit

choose a transaction date Jan. 1Jul. 1Dec. 31

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date Jan. 1Jul. 1Dec. 31 enter an account title to record interest enter a debit amount enter a credit amount
enter an account title to record interest enter a debit amount enter a credit amount
(To record interest)
choose a transaction date Jan. 1Jul. 1Dec. 31

enter an account title to record sale of bonds

enter a debit amount

enter a credit amount

enter an account title to record sale of bonds

enter a debit amount

enter a credit amount

enter an account title to record sale of bonds enter a debit amount enter a credit amount

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