Journalize the entries to record the following selected bond investment transactions for Starks Products: a. Purchased for cash $120,000 of Iceline, Inc. 5% bonds at 100 plus accrued interest of...


Journalize the entries to record the following selected bond investment transactions for Starks Products:


a. Purchased for cash $120,000 of Iceline, Inc. 5% bonds at 100 plus accrued interest of $1,000.


b. Received first semiannual interest payment.


c. Sold $60,000 of the bonds at 101 plus accrued interest of $500.



Jan 09, 2022
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