Q1 ch: investments :

Current Attempt in Progress Pharoah Ltd. had the following transactions relating to debt irvestments: Jan.1. 2020 Purchased 60,1,850,10% Nordica Company bonds for 111,000. Interest is payable annually on Janiary 1. Dec.31, 2020 Accrued interest on Nordica Company bonds. Jan 1. 2021 Received interest from Nordica Company bonids. fan.1. 2021 Sold 36 Nordica Company bonds for 65,500. Journalize the above transactions. inclucing the adjusting entry for the accrual of interest on December 31.2021 icreat nccount titios are cutomatically indented when amount is entered. Do not indent mancially. If no entry is required, select "No entry" for the ocmunt bisler and enter 0 for the amounts. Record journal entries in the order presented in the probiem.) Journalize the above transactions, including the adjusting entry for the acciual of interest on December 31,2021 (Credit account tites are eutcomatically indented when omount is entered. Do not indent manually. If no entry is required, select "No entry" for the occount tities and enter O for the amounts. Record joumal entries in the order presented in the problem.) Question 1 of 11 (To record interest revenue.) (To record sale of bonds.) (1)F A 6