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Present entries to record the transactions green company

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Question 1: On August 1, Year 1, Heal Company sold Green Company $1,500,000 of 10-year, 6% bonds, dated July 1 at 100 plus accrued interest. On March 1, Year 2, Green sold half of the bonds for $782,500 plus accrued interest. Present entries to record the following transactions: Green Company: (a) Purchase of bonds on August 1, Year 1. (b) Receipt of first semiannual interest amount on December 31, Year 1. (c) The sale of the bonds on March 1, Year 2.

Reference no: EM132544351

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