Bond investment transactions

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Reference no: EM13823329

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 $120,000 of Iceline, Inc. 5% bonds at 100 plus accrued interest of $1,000.

b. Received first semi annual interest payment.

c. Sold $60,000 of the bonds at 101 plus accrued interest of $500.

Reference no: EM13823329

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