not use ai please don't Apr. 1 Purchased for cash $420,000 of Vasquez City 6% bonds at 100 plus accrued interest of $6,300.June 30 Received first semiannual interest payment.July 31 Sold $210,000 of the bonds at 99 plus accrued interest of $1,050.Aug. 1 Received face value of remaining bonds at their maturity.Required:Journalize the entries to record the above selected bond investment transactions for Beacon Trust. Refer tothe chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journalexplanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automaticallyindent a credit entry when a credit amount is entered.

DateAccount titles & ExplanationDebitCreditApr. 1Investments420,000 Interest Receivable…

Answered: Apr. 1 Purchased for cash $420,000 of…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 6PA: Aggies Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4-year term on July 1,...

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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. 1 Purchased for cash $334,000 of Medina City 3% bonds at 100 plus accrued interest of $2,505, paying interest semiannually. June 30 Received first semiannual interest payment. July 31 Sold $145,200 of the bonds at 96 plus accrued interest of $363.
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
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
and investment transactions nstructions structions urnalize 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): 9 urnal 10 Apr. 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. Sold $139,200 of the bonds at 98 plus accrued interest of $348. June 30 July 31 Apr. 1 Chart of Accounts Journal Jun. 30 Jul. 31 Investments-Medina City Bonds *My Work 1 moro Interest Receivable Cash Cash Interest Receivable Interest Revenue Cash Loss on Sale of Investments Interest Receivable Investments-Medina City Bonds 372,000.00 2,790.00 5,580.00 133,980.00 5,568.00 I 374,290.00 2,790.00 2,790.00 ↑ ↑ ↓ ↑ ↓ Shaded cells have feedback ↑
Journalize the entries to record the following selected bond investment transactions for Dip, Inc. You MUST use the accounts outlined in the Chapter 15 narrated PowerPoint presentations – the accounts in your textbook aren’t descriptive enough. Journal entry descriptions are not required. *(Must include all supporting calculations) Date Transaction Description 4/1/2022 Purchased for cash, $50,000 of Bump, Inc. 9% bonds at 100 plus accrued interest. The bonds pay interest on January 31st and July 31st. 7/31/2022 Received the semiannual interest payment. 10/31/2022 Sold $20,000 of bonds at 104 plus accrued interest. 12/31/2022 Accrued interest. 12/31/2022 Marked the debt investments to a market value of $34,000. The debt investments are classified as available for sale investments. 12/31/2023 Market the debt investments to a market value of $31,000. The debt investments are classified as available for sale investments.
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 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 $72,000 of Iceline, Inc. 9% bonds at 100 plus accrued interest of $1,080, paying interest semiannually. b. Received first semiannual interest payment. c. Sold $48,000 of the bonds at 103 plus accrued interest of $550.
Entries for investment in bonds, interest and sale of bondsThe following bond investment transactions were completed during arecent year by Starks Company: a. Journalize the entries for these transactions.b. Provide the December 31, Year 1, adjusting journal entry forsemiannual interest earned on the bonds.
3. Prepare the journal entries to record the issuance of the bonds by Sanyal and Barnwell’s investment on February 1, 2024. 4. Prepare the journal entries by both firms to record all events related to the bonds through January 31, 2026. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
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.
Prepare journal entries to record the following transactions involving short-term debt investments.
Please provide the full journal entry to this problem; what is the total cost to be debited to investements-bonds?

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