Gonzalez Company acquired $177,000 of Walker Co., 8% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $45,600 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 1 Investments-Walker Co. Bonds        Cash        Feedback   a. Record the investment at par and the cash paid. b.  The semiannual interest received on November 1. Nov. 1 Cash        Interest Revenue

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A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…

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A: (a)

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A: So we will use amortization cost method

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A: Since you have asked multiple question, we will solve the first question for you. If you want any…

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A: Introduction:- Journal entry means as follows:- Journal entry is used to record business…

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A: The answer is as fallows

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A: Since you have posted a question with  multiple sub-parts , we will do the first three sub-parts for…

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A: Solution: 1. Calculation of decrease in the bond price. fair value of the bond as on January 2, 2022…

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A:

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A: Step 1 Investment in bond is a financial asset.

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A:

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.