Apr. 1 Purchased for cash $372,000 of Vasquez City 3% bonds at 100 plus accrued...
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Apr. 1 Purchased for cash $372,000 of Vasquez City 3% bonds at 100 plus accrued interest of $2,790. June 30 Received first semiannual interest payment. July 31 Sold $139,200 of the bonds at 98 plus accrued interest of $348. Aug. 1 Received face value of remaining bonds at their maturity. Required: Journalize the entries to record the above selected bond investment transactions for Beacon Trust.
journals entries
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