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Bond (held-to-maturity) investments Demopoulos Company acquired $162,000 of Marimar Co.7% bonds on...

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Accounting

Bond (held-to-maturity) investments
Demopoulos Company acquired $162,000 of Marimar Co.7% bonds on May 1 at their face amount as a held-to-maturity investment. Interest is paid semiannually on May 1 and November 1. On November 1, Demopoulos Company sold $47,400 of the bonds for 95.
Journalize the entries to record the following:
If an amount box does not require an entry, leave it blank.
Question Content Area
a. The initial acquisition of the bonds on May 1.
DateAccountDebitCredit
May 1
Question Content Area
b. The semiannual interest received on November 1.
DateAccountDebitCredit
Nov. 1
Question Content Area
c. The sale of the bonds on November 1.
DateAccountDebitCredit
Nov. 1
Question Content Area
d. The accrual of interest on December 31.

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