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The following bond investment transactions were completed during 2016 by Starks Company: Jan. 31 Purchased 75, $1,000 government bonds at 100 plus 30 days accrued
The following bond investment transactions were completed during 2016 by Starks Company: Jan. 31 Purchased 75, $1,000 government bonds at 100 plus 30 days accrued interest. The bonds pay 6% annual interest on July 1 and January 1. July 1 Received semiannual interest on bond investment. Aug. 29 Sold 35, $1,000 bonds at 98 plus $350 accrued interest
What is the jornal entry?.
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