Essay
Le Tourneau Company had the following transactions pertaining to debt investments.
Jan. 1 Purchased 80, 6%, $1,000 Lido Company bonds for $80,000 cash.
July 1 Sold 40 Lido Company bonds for $42,400.
Instructions
Journalize the entries for the purchase and sale of the Lido Company bonds.
Correct Answer:
Verified
Correct Answer:
Verified
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