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Question 9 of 12 View Policies Current Attempt in Progress Pharoah Company had the following transactions pertaining to debt investments. 2022 -/8 Jan. 1 Purchased
Question 9 of 12 View Policies Current Attempt in Progress Pharoah Company had the following transactions pertaining to debt investments. 2022 -/8 Jan. 1 Purchased 75, 6%, $1,000 Sheridan Company bonds for $75,000 cash. Interest is payable annually on January 1. Dec 31 Accrued interest on Sheridan Company bonds. 2023 Jan 1 Received interest from Sheridan Company bonds. Jan 1 Sold 39 Sheridan Company bonds for $42,000. Journalize the transactions for 2022 and 2023. (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.)) Account Titles and Explanation Debit Credit Date 2022 2023 (To record interest) |||||| ]]][ - / 8 E Accrued interest on Sheridan Company bonds. Jan 1 Received interest from Sheridan Company bonds. Jan 1 Sold 39 Sheridan Company bonds for $42,000. Journalize the transactions for 2022 and 2023. (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 2022 2023 Question 9 of 12 Dec 31 2023 Save for Later (To record interest) (To record sale) [[[ ]]]] LU Attempts: 0 of 1 used Submit
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