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Show Me How Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez...

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Accounting

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Entries for Investment in Bonds, Interest, and Sale of Bonds
Gonzalez Company acquired $205,800 of Walker C0.,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 $53,400 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 1Investments-WalkerCo.Bonds
205,800
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b. The semiannual interest received on November 1.
Nov. 1
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b. The semiannual interest received on November 1.
Nov. 1
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c. The sale of the bonds on November 1.
Nov, 1
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