Bond (held-to-maturity) investments Demopoulos Company acquired $145,200 of Marimar Co. 6% bonds on May 1 at their face amount as a held-to- maturity investment. Interest is paid semiannually on May 1 and November 1. On November 1, Demopoulos Company sold $59,400 of the bonds for 97. Journalize the entries to record the following: 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-Marimar Co. Bonds Cash b. The semiannual interest received on November 1. Nov. 1 Cash Interest Revenue 4,356 c. The sale of the bonds on November 1. Nov. 1 Cash Loss on Sale of Investments Investments-Marimar Co. Bonds 145,200 d. The accrual of interest on December 31. 4,356 57,618 1,782 145,200 59,400

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 struc…