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Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $159,000 of...

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Entries for Investment in Bonds, Interest, and Sale of Bonds Parilo Company acquired $159,000 of Makofske Company, 8% bonds on May 1, 2045, at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, 2045, Parilo sold $43,200 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. 2045 May 1 b. The semiannual interest received on November 1. 2015 Nov. 1 C. The sale of the bonds on November 1. 2015 Nov. 1 d. The accrual of $1,544 Interest on December 31, 2015. 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. 2015 Nov. 1 c. The sale of the bonds on November 1. 2045 Nov. 1 d. The accrual of $1,544 interest on December 31, 2045. 20Y5 Dec. 31 AI

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