Record these transactions on page 10 20Y3 Apr. June Sept. Nov. Dec. 1 Purchased $71,400 of Welch Co. 9%, 15-year bonds at their face amount plus accrued interest of $1,071. The bonds pay interest semiannually on March 1 and September 1. 1 Purchased $60,000 of Bailey 8%, 10-year bonds at their face amount plus accrued interest of $200. The bonds pay interest semiannually on May 1 and November 1. Received semiannual interest on the Welch Co. bonds. 1 30 1 31 31 Sold $26,400 of Welch Co. bonds at 97 plus accrued interest of $198. Received semiannual interest on the Bailey bonds. Accrued interest on the Welch Co. bonds. Accrued interest on the Bailey bonds.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Instructions
Soto Industries Inc. is an athletic footware company that began operations on January 1, 20Y3. The following are bond (held-to-maturity)
transactions by Soto Industries Inc., which has a fiscal year ending on December 31:
Record these transactions on page 10
X
$
4
20Y3
Apr.
F4
||R
LL
June
Sept.
Nov.
Dec.
с
1 Purchased $71,400 of Welch Co. 9%, 15-year bonds at their face amount plus accrued interest of
$1,071. The bonds pay interest semiannually on March 1 and September 1.
Purchased $60,000 of Bailey 8%, 10-year bonds at their face amount plus accrued interest of $200.
The bonds pay interest semiannually on May 1 and November 1.
Received semiannual interest on the Welch Co. bonds.
1
5
30
Q Search
%
1
6 5⁰
1
31
31
F5
T
Sold $26,400 of Welch Co. bonds at 97 plus accrued interest of $198.
Received semiannual interest on the Bailey bonds.
Accrued interest on the Welch Co. bonds.
Accrued interest on the Bailey bonds.
Search
F6
6
I
Y
G H
F7
&
7
LOFT
U
F8
8
8
F9
ㅁㅁ
9
JK
F10
0
F11
O P
L
+
F12
5
PrtSc
+ 11
[
Insert
}
Transcribed Image Text:Instructions Soto Industries Inc. is an athletic footware company that began operations on January 1, 20Y3. The following are bond (held-to-maturity) transactions by Soto Industries Inc., which has a fiscal year ending on December 31: Record these transactions on page 10 X $ 4 20Y3 Apr. F4 ||R LL June Sept. Nov. Dec. с 1 Purchased $71,400 of Welch Co. 9%, 15-year bonds at their face amount plus accrued interest of $1,071. The bonds pay interest semiannually on March 1 and September 1. Purchased $60,000 of Bailey 8%, 10-year bonds at their face amount plus accrued interest of $200. The bonds pay interest semiannually on May 1 and November 1. Received semiannual interest on the Welch Co. bonds. 1 5 30 Q Search % 1 6 5⁰ 1 31 31 F5 T Sold $26,400 of Welch Co. bonds at 97 plus accrued interest of $198. Received semiannual interest on the Bailey bonds. Accrued interest on the Welch Co. bonds. Accrued interest on the Bailey bonds. Search F6 6 I Y G H F7 & 7 LOFT U F8 8 8 F9 ㅁㅁ 9 JK F10 0 F11 O P L + F12 5 PrtSc + 11 [ Insert }
Instructions
Soto Industries Inc. is an athletic footware company that began operations on January 1, 20Y3. The following are bond (held-to-maturity)
transactions by Soto Industries Inc., which has a fiscal year ending on December 31:
Record these transactions on page 10
X
$
4
20Y3
Apr.
F4
||R
LL
June
Sept.
Nov.
Dec.
с
1 Purchased $71,400 of Welch Co. 9%, 15-year bonds at their face amount plus accrued interest of
$1,071. The bonds pay interest semiannually on March 1 and September 1.
Purchased $60,000 of Bailey 8%, 10-year bonds at their face amount plus accrued interest of $200.
The bonds pay interest semiannually on May 1 and November 1.
Received semiannual interest on the Welch Co. bonds.
1
5
30
Q Search
%
1
6 5⁰
1
31
31
F5
T
Sold $26,400 of Welch Co. bonds at 97 plus accrued interest of $198.
Received semiannual interest on the Bailey bonds.
Accrued interest on the Welch Co. bonds.
Accrued interest on the Bailey bonds.
Search
F6
6
I
Y
G H
F7
&
7
LOFT
U
F8
8
8
F9
ㅁㅁ
9
JK
F10
0
F11
O P
L
+
F12
5
PrtSc
+ 11
[
Insert
}
Transcribed Image Text:Instructions Soto Industries Inc. is an athletic footware company that began operations on January 1, 20Y3. The following are bond (held-to-maturity) transactions by Soto Industries Inc., which has a fiscal year ending on December 31: Record these transactions on page 10 X $ 4 20Y3 Apr. F4 ||R LL June Sept. Nov. Dec. с 1 Purchased $71,400 of Welch Co. 9%, 15-year bonds at their face amount plus accrued interest of $1,071. The bonds pay interest semiannually on March 1 and September 1. Purchased $60,000 of Bailey 8%, 10-year bonds at their face amount plus accrued interest of $200. The bonds pay interest semiannually on May 1 and November 1. Received semiannual interest on the Welch Co. bonds. 1 5 30 Q Search % 1 6 5⁰ 1 31 31 F5 T Sold $26,400 of Welch Co. bonds at 97 plus accrued interest of $198. Received semiannual interest on the Bailey bonds. Accrued interest on the Welch Co. bonds. Accrued interest on the Bailey bonds. Search F6 6 I Y G H F7 & 7 LOFT U F8 8 8 F9 ㅁㅁ 9 JK F10 0 F11 O P L + F12 5 PrtSc + 11 [ Insert }
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