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solve Entries for bond (held-to-maturity) investments Demopoulos Company acquired $163,200 of Marimar Co., 7% bonds on May 1 at their face amount, Interest is paid
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Entries for bond (held-to-maturity) investments Demopoulos Company acquired $163,200 of Marimar Co., 7\% bonds on May 1 at their face amount, Interest is paid semiannually on May 1 and November 1. On November 1, Demopoulos Company sold $42,000 of the bonds for 97. Jouralize the entries to record the following: If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1. May 1 b. The semiannual interest recelved on November 1 . Nov. 1 C. The sale of the bonds on November 1 . Nov. 1 d. The accrual of $1,414 interest on December 31 . Dee 31 Step by Step Solution
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