journal entries for sale of bond premimum

timer Asked: Aug 21st, 2015

Question Description

please record the journal entries for the following transactions, the west company purchased $320,000 of 6% bonds for $332,600 plus accrued interest as an available for sale security. interest paid july 1 and january 1, matures on 7/1/2017. bond sold 11/1/2013 @ 103 plus accrued interest. amortization was recorded when interest was received by straight line method. i would appreciate your

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