Show how you got your answers for full credit. Inc. purchased $600,000 of 6% bonds...
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Show how you got your answers for full credit. Inc. purchased $600,000 of 6% bonds for $623,625 plus accrued (1) On April 1, 2018, West Company nterest as an available-for-sale security. Interest is paid on July 1 and January 1 and the bonds mauie on July 1, 2023. Instructions (a)Prepare the journal entry on April 1, 2018. (10pts) (b)The bonds are sold on November 1, 2019 at 103 plus accrued interest. Amortization was recorded when interest was received by the straight-line method (by months and round to the nearest dollar). Prepare al entries required to properly record the sale. (20pts)
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