Journalize the Entries to Record the Following Selected Bond Investment

question 40

Essay

Journalize the entries to record the following selected bond investment transactions for Southwest Bank:
^a Purchased $400,000 of Daytona Beach 5% bonds at 100 plus accrued interest of $4,500.
^b Received the first semiannual interest.
^c Sold $250,000 of the bonds at 97,plus accrued interest of $1,800.

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Definitions:

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Central Line

A type of catheter placed into a large vein in the neck, chest, or groin to administer medication, fluids, nutrients, or to obtain blood tests over a long period.

Susceptible

Easily influenced or harmed by something; having little resistance to a disease or condition.

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