Using the data presented in BE16-5, assume Strand Corp. is a public company and that it purchased

Question:

Using the data presented in BE16-5, assume Strand Corp. is a public company and that it purchased Hydrocor's bonds to trade. Prepare the journal entries to record
(a) The purchase of the bonds on June 30, 2014;
(b) The receipt of the first interest payment on December 31, 2014; and
(c) Any required adjusting journal entries on December 31, 2014.