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Record the sale of the Jerry Company bonds on 5/1/x2. Date of Purchase Security amout purchase Cost at date ofpurchase 11/1/x1 Jerry Company bonds 60,000
Record the sale of the Jerry Company bonds on 5/1/x2.
Date of Purchase | Security | amout purchase | Cost at date ofpurchase |
11/1/x1 | Jerry Company bonds | 60,000 face value | 61,330 plus accrued interest |
Fair value information for the trading securities portfolio as of 12/31/x1:
Jerry Company bonds 101% of par
5/1/x2: Jerry Company bonds are sold at: 101.8 plus accrued interest.
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