Instructions Journalize the entries to record the following selected bond investment transactions for Hall Trust (refer to the Chart of Accounts for exact wording of account titles) Apr. June July 1 Purchased for cash $372,000 of Medina City 3% bonds at 100 plus accrued interest of $2,790, paying interest semiannually. Received first semiannual interest payment. 31 Sold $139,200 of the bonds at 98 plus accrued interest of $348. 30 Jo of Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles. 6 Journal 7 8 9 10 DATE DESCRIPTION JOURNAL POST. REF. DEBIT CREDIT
Instructions Journalize the entries to record the following selected bond investment transactions for Hall Trust (refer to the Chart of Accounts for exact wording of account titles) Apr. June July 1 Purchased for cash $372,000 of Medina City 3% bonds at 100 plus accrued interest of $2,790, paying interest semiannually. Received first semiannual interest payment. 31 Sold $139,200 of the bonds at 98 plus accrued interest of $348. 30 Jo of Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles. 6 Journal 7 8 9 10 DATE DESCRIPTION JOURNAL POST. REF. DEBIT CREDIT
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Instructions
Journalize the entries to record the following selected bond investment transactions for Hall Trust (refer to the Chart
of Accounts for exact wording of account titles)
Apr.
June
July
1 Purchased for cash $372,000 of Medina City 3% bonds at 100 plus accrued interest of
$2,790, paying interest semiannually.
Received first semiannual interest payment.
31 Sold $139,200 of the bonds at 98 plus accrued interest of $348.
30

Transcribed Image Text:Jo
of Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles.
6
Journal
7
8
9
10
DATE
DESCRIPTION
JOURNAL
POST. REF.
DEBIT
CREDIT
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