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Entries for investment in Bonds, interest, and 5 ale of Bonds Parilo Company acquired $204,000...

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Accounting

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Entries for investment in Bonds, interest, and 5 ale of Bonds Parilo Company acquired $204,000 of Makotske Company, 7% bonds on May 1, 20Y5, at their face amount. Interest is paid semiannually on May I and November 1 . On November 1,20Y5, Parilo sold $52,200 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. b. The semiannual interest received on November 1. 20 Y5 Nov. 1 c. The sale of the bonds on November 1 . 20Y5 Nov. 1 d. The accrual of $1,771 interest on December 31,20 Y5

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