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  3. on june 1, 30, whitebird company purchased $72,000

On June 1, 30, Whitebird Company purchased $72,000 of Bryant Company 3% bonds at 102....

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Accounting

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On June 1, 30, Whitebird Company purchased $72,000 of Bryant Company 3% bonds at 102. The bonds were dated December 31, 29, and pay interest on June 30 and December 31. Required: Journalize Whitebird Company's transaction to record the receipt of interest on June 30, 30. Date Account Title Debit Credit June 2 On December 31. 28. Case Company issued $1,290,000 of 12% bonds. The market interest rate at the time of issuance was 14%. The bonds pay interest on June 30 and December 31 and mature in 10 years. Required: Compute the selling price of the bonds on December 31, 28. Note: Round all intermediate calculations to three decimal places, and round your final answer to the nearest cent Selling price of bonds: x 50 ? 5

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