Entries for bond (held-to-maturity) investments Demopoulos Company acquired $152,400 of Marimar Co., 5% bonds on...
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Entries for bond (held-to-maturity) investments Demopoulos Company acquired $152,400 of Marimar Co., 5% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. on November 1, Demopoulos Company sold $54,600 of the bonds for 96, * Journalize the entries to record the following: If an amount box does not require an entry, leave it blank, a. The initial acquisition of the bonds on May 1 May 3 b. The semiannual interest received on November 1 Nov. c. The sale of the bonds on November 1 Nov. 1 d. The accrual of 5815 interest on December 31 Dec. 31
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