Bond Investment Transactions
Journalize the entries to record the following selected bond investment transactions for Supper Club Trust:
For a compound transaction, if an amount box does not require an entry, leave it blank.
a. Purchased for cash $400,000 of Tyler City 6% bonds at 100 plus accrued interest of $2,000.
b. Received first semi annual interest payment.
c. Sold $200,000 of the bonds at 98 plus accrued interest of $1,000.