Entries for bond (held-to-maturity) investments Bula Investments acquired $264,000 of Effenstein Corp., 9% bonds at their face amount on October 1, 20Y1. The bonds pay interest on October 1 and April 1. On April 1, 20Y2, Bula sold $118,000 of Effenstein Corp. bonds at 104. Journalize the entries to record the following selected transactions: a. The initial acquisition of the Effenstein Corp. bonds on October 1, 20Y1. b. The adjusting entry for 3 months of accrued interest earned on the Effenstein Corp. bonds on December 31, 20Y1. c. The receipt of semiannual interest on April 1, 20Y2. d. The sale of $118,000 of Effenstein Corp. bonds on April 1, 20Y2, at 104. e. The receipt of the face value of the remaining bonds at their maturity on October 1, 20Y8.
Entries for bond (held-to-maturity) investments
Bula Investments acquired $264,000 of Effenstein Corp., 9% bonds at their face amount on October 1, 20Y1. The bonds pay interest on October 1 and April 1. On April 1, 20Y2, Bula sold $118,000 of Effenstein Corp. bonds at 104.
a. The initial acquisition of the Effenstein Corp. bonds on October 1, 20Y1.
b. The
c. The receipt of semiannual interest on April 1, 20Y2.
d. The sale of $118,000 of Effenstein Corp. bonds on April 1, 20Y2, at 104.
e. The receipt of the face value of the remaining bonds at their maturity on October 1, 20Y8.
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