Ex 13-1 Entries for investment in bonds, interest, and sale of bonds                    ObJ. 2 Parilo Company acquired $170,000 of Makofske Co., 5% bonds on May 1, 2016, at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1,
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2016, Parilo Company sold $50,000 of the bonds for  96.
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Journalize entries to record the  following:
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a.    The initial acquisition of the bonds on May 1.
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b.   The semiannual interest received on November 1.
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c.    The sale of the bonds on November 1.
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d.   The accrual of $1,000 interest on December 31, 2016.
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Posted 20 Aug 2017 08:08 PM
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