Essay
Journalize the entries to record the following selected bond investment transactions for Southwest Bank:Apr. 1Purchased $400,000 of Daytona Beach 4.5% bonds at 100 plus accrued interest of $4,500.July 1Received the first semiannual interest.Sept. 1Sold $250,000 of the bonds at 97, plus accrued interest of $1,875.
Correct Answer:
Verified
Correct Answer:
Verified
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