uittonq lo rendent on musta Problem 19-2 (IAA) sitroge begivenem anomag TINGIMISTO Mature Company carried out the following transactions in bond investments held for trading during the current year. Aug. 1 Purchased 5,000, P1,000, 12% bonds of Acme The bonds pay interest semiannually on May 1 and Company at 104 plus accrued interest of P150,000. November 1.00ebnod eldalles whend nisiqd abnod niet bup abood 31 Purchased 2,000, P1,000, 12% bonds of Avco Company at 98 plus accrued interest. Semiannual payment of interest, June 30 and December 31. Dec. 1 Sold 2,000 of the Acme bonds at 102 plus accrued interest. 31 The following quotations were obtained: Acme bonds Avco bonds Required: a. Prepare journal entries to record the transactions. D. Present the investments on December 31. 98 99
uittonq lo rendent on musta Problem 19-2 (IAA) sitroge begivenem anomag TINGIMISTO Mature Company carried out the following transactions in bond investments held for trading during the current year. Aug. 1 Purchased 5,000, P1,000, 12% bonds of Acme The bonds pay interest semiannually on May 1 and Company at 104 plus accrued interest of P150,000. November 1.00ebnod eldalles whend nisiqd abnod niet bup abood 31 Purchased 2,000, P1,000, 12% bonds of Avco Company at 98 plus accrued interest. Semiannual payment of interest, June 30 and December 31. Dec. 1 Sold 2,000 of the Acme bonds at 102 plus accrued interest. 31 The following quotations were obtained: Acme bonds Avco bonds Required: a. Prepare journal entries to record the transactions. D. Present the investments on December 31. 98 99
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:becuesam nomin
Problem 19-2 (IAA) to index odt nisl
Mature Company carried out the following transactions in bond
sitions
Milqxl
investments held for trading during the current year.
Aug. 1Purchased 5,000, P1,000, 12% bonds of Acme
The bonds pay interest semiannually on May 1 and
November 1.00..ebnod eldslles hond nielq
abnod
met baş abood
31 Purchased 2,000, P1,000, 12% bonds of Avco
Company at 98 plus accrued interest. Semiannual
payment of interest, June 30 and December 31.
313
Dec. 1 Sold 2,000 of the Acme bonds at 102 plus accrued
interest.
31 The following quotations were obtained:
Acme bonds
Avco bonds
Required:
a. Prepare journal entries to record the transactions.
b. Present the investments on December 31.
98
99
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