Trafton Company Had the Following Transactions Pertaining to Debt Securities $\quad$

question 36

Essay

Trafton Company had the following transactions pertaining to debt securities held as an investment.
Jan. 1 $\quad$ Purchased 60, 8%, $1,000 Hammond Company bonds for $60,000 cash. Interest is payable semiannually on July 1 and January 1.
July 1 $\quad$ Received semiannual interest on Hammond Company bonds.
Sept. 1 $\quad$ Sold 30 Hammond Company bonds for $32,000 plus accrued interest.
Instructions
(a) Journalize the transactions.
(b) Prepare the adjusting entry for the accrual of interest on December 31.

Recognize the significance of blood components in immune reactions and blood clotting.

Grasp the concept of blood volume composition and the distribution of blood cells.

Understand the functions of organs involved in the formation and destruction of blood cells.

Understand the endocrine function of glands related to the immune system.

---

Definitions:

Rayonnant

The “radiant” style of Gothic architecture, dominant in the second half of the 13th century and associated with the French royal court of Louis IX at Paris.

Flamboyant

A Late French Gothic style of architecture superseding the Rayonnant style and named for the flame-like appearance of its pointed bar tracery.

Stained Glass

The art of creating pictures or patterns using pieces of colored glass, often assembled in windows, with light passing through to produce a decorative effect.

Delicate Ornamentation

The application or incorporation of detailed and finely crafted decorations to enhance the aesthetic appeal of artworks, buildings, or objects.