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.
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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.
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- Huang Inc. issued 100 bonds with a face value of $1,000 and a 5-year term at $960 each. The journal entry to record this transaction includes ________. A. a debit to Bonds Payable for $100,000 B. a debit to Discount on Bonds Payable for $4,000 C. a credit to cash for $96,000 D. a credit to Discount on Bonds Payable for $4,000Allante Corporate issued 50 bonds with a face value of $1,000 and a stated rate of 4% and received $45,000. What is the journal entry to record the sale of the bonds?Willoughby Inc. issued 100 bonds with a face value of $1,000 and a stated rate of 4% and received $105,000. What is the journal entry to record the sale of the bonds?
- Keys Inc. issued 100 bonds with a face value of $1,000 and a rate of 8% at $1,025 each. The journal entry to record this transaction includes ________. A. a credit to Bonds Payable for $102,500 B. a credit to cash for $102,500 C. a debit to cash for $100,000 D. a credit to Premium on Bonds Payable for $2,500Journalize the entries to record the following selected bond investment transactions for Marr Products: If an amount box does not require an entry, leave it blank. a. Purchased for cash $180,000 of Hotline Inc. 5% bonds at 100 plus accrued interest of $1,500. b. Received first semiannual interest payment. c. Sold $90,000 of the bonds at 102 plus accrued interest of $750.Journalize the entries to record the following selected bond investment transactions for Hall Trust:a. Purchased for cash $240,000 of Medina City 6% bonds at 100 plus accrued interest of $3,600.b. Received first semiannual interest payment.c. Sold $120,000 of the bonds at 98 plus accrued interest of $600.
- Bond (Held-to-Maturity)Investment Journalize the entries to record the following selected bond investment transactions for Marr Products: If an amount box does not require an entry, leave it blank. a. Purchased for cash $108,000 of Hotline Inc. 6% bonds at 100 plus accrued interest of $1,080. b. Received first semiannual interest payment. C. Sold $72,000 of the bonds at 103 plus accrued interest of $820.Journalize the entries to record the following selected bond investment transactions for Southwest Bank: Apr. 1 Purchased $400,000 of Daytona Beach 4.5% bonds at 100 plus accrued interest of $4,500. July 1 Received the first semiannual interest. Sept. 1 Sold $250,000 of the bonds at 97, plus accrued interest of $1,875. If an amount box does not require an entry, leave it blank. 1. 2. 3.Bond Investment Transactions Journalize the entries to record the following selected bond investment transactions for Starks Products: For a compound transaction, if an amount box does not require an entry, leave it blank. a. Purchased for cash $102,000 of Iceline, Inc. 8% bonds at 100 plus accrued interest of $1,360, paying interest semiannually. b. Received first semiannual interest payment. c. Sold $68,000 of the bonds at 103 plus accrued interest of $780.
- Journalize the entries to record the following selected bond investment transactions for Marr Products: If an amount box does not require an entry, leave it blank. Question Content Areaa. Purchased for cash $96,000 of Hotline Inc. 9% bonds at 100 plus accrued interest of $1,440. blank - Select -- Select - - Select -- Select - - Select -- Select -Question Content Areab. Received first semiannual interest payment. blank - Select -- Select - - Select -- Select - - Select -- Select -Question Content Areac. Sold $64,000 of the bonds at 103 plus accrued interest of $730. blank - Select -- Select - - Select -- Select - - Select -- Select - - Select -- Select -Question Content Aread. Received face value of remaining bonds at their maturity. blank - Select -- Select - - Select -- Select -Bond investment transactionsJournalize the entries to record the following circled bond investmenttransactions for Starks Products: A. Purchased for cash $120,000 of Iceline.inc, 5% bonds at 100 plusaccrued interest of $1,000.B. Received first semiannual interest paymentC. Sold $60,000 of the bonds at 101 plus accrued interest of $505.Journalize the entries to record the following selected bond investment transactions for Southwest Bank: Apr. 1 Purchased $400,000 of Daytona Beach 4.5% bonds at 100 plus accrued interest of $4,500. July 1 Received the first semiannual interest. Sept. 1 Sold $250,000 of the bonds at 97, plus accrued interest of $1,875. If an amount box does not require an entry, leave it blank. 1. fill in the blank 2 fill in the blank 3 fill in the blank 5 fill in the blank 6 fill in the blank 8 fill in the blank 9 2. fill in the blank 11 fill in the blank 12 fill in the blank 14 fill in the blank 15 fill in the blank 17 fill in the blank 18 3. fill in the blank 20 fill in the blank 21 fill in the blank 23 fill in the blank 24 fill in the blank 26 fill in the blank 27