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Purchased for cash $200,000 of Jakob, Inc. 9% bonds at 100 plus accrued interest of $3,000. DATE   Debit Credit X/X                                         33 points   QUESTION 3 1b. Received first semiannual interest payment. DATE   Debit Credit X/X

Purchased for cash $200,000 of Jakob, Inc. 9% bonds at 100 plus accrued interest of $3,000. DATE   Debit Credit X/X                                         33 points   QUESTION 3 1b. Received first semiannual interest payment. DATE   Debit Credit X/X

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 4PB: Irving Inc. sold bonds with a $50,000, 10% interest, and 10-year term at $52,000. What is the total...
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1a. Purchased for cash $200,000 of Jakob, Inc. 9% bonds at 100 plus accrued interest of $3,000.

DATE

 

Debit

Credit

X/X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 

33 points  

QUESTION 3

  1. 1b. Received first semiannual interest payment.

    DATE

     

    Debit

    Credit

    X/X

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     
     

33 points  

QUESTION 4

  1. 1c. Sold $80,000 of the bonds at 101 plus accrued interest of $250.

    DATE

     

    Debit

    Credit

    X/X

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

 

1a. Purchased for cash $200,000 of Jakob, Inc. 9% bonds at 100 plus accrued interest of $3,000. DATE Debit Credit XIX
Transcribed Image Text:1a. Purchased for cash $200,000 of Jakob, Inc. 9% bonds at 100 plus accrued interest of $3,000. DATE Debit Credit XIX
QUESTION 3 1b. Received first semiannual interest payment. DATE Debit Credit XIX QUESTION 4 1c. Sold $80,000 of the bonds at 101 plus accrued interest of $250. DATE Debit Credit XIX
Transcribed Image Text:QUESTION 3 1b. Received first semiannual interest payment. DATE Debit Credit XIX QUESTION 4 1c. Sold $80,000 of the bonds at 101 plus accrued interest of $250. DATE Debit Credit XIX
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