Homework Answers
| Date | Particulars | Debit | Credit |
| 20Y5 May, 1 | Investment in Bonds of Makofske Co., | $ 204,000.00 | |
| Cash | $ 204,000.00 | ||
| 20Y5 Nov, 1 | Cash | $ 7,140.00 | |
| Interest Income | $ 7,140.00 | ||
| 20Y5 Nov, 1 | Cash | $ 55,872.00 | |
| Loss on sale of Investments | $ 1,728.00 | ||
| Investment in Bonds of Makofske Co., | $ 57,600.00 | ||
| 20Y5 Dec, 31 | Interest Income Receiviable (or) Interest Accrued | $ 1,708.00 | |
| Interest Income | $ 1,708.00 |
| Date | Particulars | Debit | Credit |
| 20Y2 Oct, 1 | Investment in Bonds of Jerris Corp | $ 245,200.00 | |
| Cash | $ 245,200.00 | ||
| 20Y2 Dec, 31 | Interest Income Receiviable (or) Interest Accrued | $ 5,517.00 | |
| Interest Income | $ 5,517.00 | ||
| 20Y3 Apr, 1 | Cash | $ 11,034.00 | |
| Interest Income | $ 5,517.00 | ||
| Interest Income Receiviable (or) Interest Accrued | $ 5,517.00 | ||
| 20Y5 Nov, 1 | Cash | $ 76,960.00 | |
| Gain on sale of Investments | $ 2,960.00 | ||
| Investment in Bonds of Makofske Co., | $ 74,000.00 |
Note : It is assu,ed that the given figures for which the investors had obtained their investments are Face values of those Investments.
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Do not round interim calculations. Round final answers to
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