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January 1 Purchases 8.5% bonds (as a held-to-maturity investment) issued by POS par value. June 30 Receives first seniannual payment of interest from PBS bonds. December 31 Receives a check from PBS in payment of principal (552,800) and the second semiannual paym View transaction list Journal entry worksheet Purchases 8.5% bonds (as a held-to-maturity investment) issued by PBS at al cost of $52.800, which is the par value

January 1 Purchases 8.5% bonds (as a held-to-maturity investment) issued by POS par value. June 30 Receives first seniannual payment of interest from PBS bonds. December 31 Receives a check from PBS in payment of principal (552,800) and the second semiannual paym View transaction list Journal entry worksheet Purchases 8.5% bonds (as a held-to-maturity investment) issued by PBS at al cost of $52.800, which is the par value

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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3 Prepare Garzon Company's journal entries to record the following transactions for the current year.. January 1 Purchases 8.5% bonds (as a held-to-naturity investment) issued by PBS at a cost of $52,800, which is the par value.. June 30 Receives first seniannual payment of interest from PBS bonds. December 31 Receives a check from PBS in payment of principal ($52,800) and the second semiannual payment of interest. View transaction list Journal entry worksheet < Purchases 8.5% bonds (as a held-to-maturity investment) issued by PBS at a cost of $52,800, which is the par value. Note: Enter debits before credits. Date January 01 General Journal Debit Credit
Transcribed Image Text:3 Prepare Garzon Company's journal entries to record the following transactions for the current year.. January 1 Purchases 8.5% bonds (as a held-to-naturity investment) issued by PBS at a cost of $52,800, which is the par value.. June 30 Receives first seniannual payment of interest from PBS bonds. December 31 Receives a check from PBS in payment of principal ($52,800) and the second semiannual payment of interest. View transaction list Journal entry worksheet < Purchases 8.5% bonds (as a held-to-maturity investment) issued by PBS at a cost of $52,800, which is the par value. Note: Enter debits before credits. Date January 01 General Journal Debit Credit
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