with dates!
On September 1, Parsons Company purchased $84,000,10-year, 7% government bonds at 100 plus accrued interest. The semiannual interest payment dates are June 30 and December 31 . Interest calculations are done by the month. (a) Journalize the entry to record the bond purchase. (b) Joumalize the receipt of interest on December 31 of the first year." (c) Joumalize the sale of the bonds on February 1 of the second year for $82,000 plus accrued intesest:" "Refer to the Chart of Accounts for exact wording of account titles. Chart Of Accounts ASSETS REVENUE 110 Cash 410 Sales 120 Accounts Receivable 611 Interest Revenue 121 Allowance for Doubtful Accounts 612 Dividend Revenue 131 Notes Receivable 631 Gain on Sale of Investments 132 Interest Recelvable 641 Unrealized Gain on Trading 141 Merchandise Inventory Investments 151 Supplies 152 Prepaid Insurance EXPENSES 161 investments-Government Bonds 511 Cost of Merchandise Sold 165 Valuation Allowance for Trading Investments 512 Bad Debt Expense 166 Valuation Alowance for Available-for-Sale Investments 522 Salaries Expense 181 Land 531 Advertising Expense 191 Equipment 532 Rent Expense 192 Accumulated Depreciation-Equipment 533 Insurance Expense 534 Supqlies Expense LIABILITIES 561 Depreciation Expense-Equipment 210 Accounts Payable 590 Miscelianeous Expense Chart Of Accounts 210 Accounts Payable 590 Miscellaneous Expense 221 Notes Payable 710 Interest Expense 231 Interest Payable 731 Loss on Sale of Investments 241 Salaries Payable 741 Unrealized Loss on Trading Investments EQUITY 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Treasury Stock 332 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352. Unrealized Gain (Loss) on Avallable-for-Sale Investments 353 Stock Dividends 390 Income Summary Journalize the entry to record the bond purchase on September 1. Refer to the Chart of Accounts for exact wording of account title Joumalize the receipt of interest on December 31 of the first year. Refer to the Chart of Accounts for exact wording of account title Joumalize the receipt of interest on December 31 of the first year. Refer to the Chart of Accounts for exact wording of account title: Joumalize the sale of the bonds on February 1 of the second star for $82,000 plus accrued interest. Refer to the Chart of Account for exact wording of account titios. Journalize the sale of the bonds on February 1 of the second year for $82,000 plus accrued interest. Refbr to the Chart of Accoun for exact wording of account titles