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  3. bula investments acquired $233,600 of effenstein c

Bula investments acquired $233,600 of Effenstein Corp. 4% bonds at their face amount on October...

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Accounting

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Bula investments acquired $233,600 of Effenstein Corp. 4% bonds at their face amount on October 1, 20Y1. The bonds pay interest on October 1 and April 1, On April 1, 20Y2, Bula sold \$105,200 of Effenstein Corp, bonds at 101. Required: Joumalize the entries to record the following: a. The initial acquisition of the Effenstein Corp, bonds on October 1, 20Y1: b. The adjusting entry for 3 months of accrued interest eamed on the Effenstein Corp. bonds on December 31, 20Y1. c. The receipt of semannual interest on Aprll 1,20Y2. d. The sale of $105,200 of Effenstein Carp, bonds on Apnil 1, 20Y2, at 101 : e. The receipt of the face value of the remaining bonds at their maturity on October 1,20Y8. -Refer to the chart of accounts for the exact wording of the account tities. CNOWjoumals do nor use lines for joumal explanations Every line on a journal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit

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