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Entries for Investment in Bonds, Interest, and sale of Bonds Gonzalez Company acquired $200,000 of...

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Entries for Investment in Bonds, Interest, and sale of Bonds Gonzalez Company acquired $200,000 of Walker Co., 6% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $70,000 of the bonds for 97. Journalize entries to record the following in Year 1: For a compound transaction. If an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1. May 1 b. The semiannual interest receved on November 1 c. The sale of the bonds on November I. Slov ngageNOWV2 Online teachir X + /takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Calculator Journalize entries to record the following in Year 1: For a compound transaction, if an amount box does not require an entry, leave it blank. a. The initial acquisition of the bonds on May 1 b. The semiannual interest received on November 1 C. The sale of the bords on November d. The accrual 1 300 interest on oncombe

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