90.2K

Verified Solution

Link Copied!

Dropbox on the left and fill in the blanks on the right.

Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $138,600 of Makofske Company, 5% bonds on May 1, 20Y5, at their face amount. Interest is paid semiannually on May 1 and November 1 . On November 1 , 20Y5, Parilo sold $49,800 of the bonds for 98 . Journalize the entries to record the following under the cost method: If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1. 20Y5 May 1 b. The semiannual interest received on November 1 . 20Y5 Nov, 1 c. The sale of the bonds on November 1 . 20Y5 Nov. 1 d. The accrual of $740 interest on December 31,20Y5. 20Y5 Dec. 31 Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $138,600 of Makofske Company, 5% bonds on May 1 , 20Y5, at their face amount. Interest is paid semiannually on May 1 and November 1 . On November 1,20Y5, Parilo sold $49,800 of the bonds for 98 . Journalize the entries to record the following under the cost method: If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1. 20Y5 May 1 b. The st 20Y5 Nov. 1 c. The sa 20Y5 Nov. 1 d. The ar 20Y5 Dec. 31 Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $138,600 of Makofske Company, 5% bonds on May 1,20 , at their face amount. Interest is paid semiannually on May 1 and November 1 . On November 1, 20Y5, Parilo sold $49,800 of the bonds for 98 . Journalize the entries to record the following under the cost method: If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1. 20 May 1 b. The se 20 2o Nov: 1 c. The sa Cash 20Y5 Nov. 1 Interest Receivable d. The ac 20Y5 Dec. 31 Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $138,600 of Makofske Company, 5% bonds on May 1,20Y5, at their face amount. Interest is paid semiannually on May 1 and November 1 . On November 1,20 , Parilo sold $49,800 of the bonds for 98 . Journalize the entries to record the following under the cost method: If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1 . 20r5 May 1 b. The semiannual interest received on November 1 . 20r5 Nov. 1 c. The sa 20K5 Now, 1 Cash d. The ac 2ors Dec. 31 Interest Receivable Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $138,600 of Makofske Company, 5% bonds on May 1,20 , 5 , at their face amount. Interest is paid semiannually on May 1 and November 1 . On November 1, 20Y5, Parilo sold $49,800 of the bonds for 98 . Journalize the entries to record the following under the cost method: If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1. 20y5 May 1 b. The semiannual interest received on November 1 . 205 Now, 1 Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $138,600 of Makofske Company, 5% bonds on May 1,20 , 5 , at their face amount. Interest is paid semiannually on May 1 and November 1 . On November 1, 20Y5, Parilo sold $49,800 of the bonds for 98 . Journalize the entries to record the following under the cost method: If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1. 20 M May 1 b. The semiannual interest received on November 1 . 20y5 Ner: I c. The sale of the bonds on November 1 . zors Nori 1 Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $138,600 of Makofske Company, 5% bonds on May 1, 20Y5, at their face amount. Interest is paid semiannually on May 1 and November 1 . On November 1, 20Y5, Parilo sold $49,800 of the bonds for 98 . Journalize the entries to record the foliowing under the cost method: If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1. 20ys May 1 b. The semiannual interest received on November 1 . 2085 Now. 1 c. The sale of the bonds on November 1 . 20y5 Nov. 1 Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired 5138,600 of Makofske Company, 5\% bonds on May 1, 20Y5, at their face amount. Interest is paid semiannually on May 1 and November 1 . On November 1,20 , P Parilo sold $49,800 of the bends for 98 . Journalize the entries to record the following under the cost method: If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1 . 2ars May 1 b. The semiannual interest received on November 1 . 2015 fow. 1 c. The sale of the bonds on November 1 . Jars hovi I Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $138,600 of Makofske Company, 5% bonds on May 1,20r5, at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, 20Y5, Parilo sold $49,800 of the bonds for 98 . Journalize the entries to record the following under the cost method: If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1 . 2015 Mar 1 b. The semiannual interest received on November 1 . 3045 tion. 1 c. The sale of the bonds on November 1 . atirt Nov. 1 d. The accrual of $740 interest on December 31,20Y5. 30rs Der.31 Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $138,600 of Makofske Company, 5% bonds on May 1,20Y5, at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, 20Y5, Parilo sold $49,800 of the bonds for 98 . Journalize the entries to record the following under the cost method: If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1. 2013 Mer 1 b. The semiannual interest received on November 1 . 20v5 heps i c. The sale of the bonds on November 1 . 20 N. . 1 d. The accrual of $740 interest on December 31,20 . 5

Answer & Explanation Solved by verified expert

See Answer