ACCOUNTING 305 On April 1, 2014, West Company purchased $395,000 of 6.00% bonds

ACCOUNTING 305 On April 1, 2014, West Company purchased $395,000 of 6.00% bonds

Question # 00280273 Posted By: solutionshere Updated on: 05/10/2016 03:43 PM Due on: 06/09/2016
Subject Accounting Topic Accounting Tutorials:
Question
Dot Image
On April 1, 2014, West Company purchased $395,000 of 6.00% bonds for $410,550 plus accrued interest as an available-for-sale security. Interest is paid on July 1 and January 1 and the bonds mature on July 1, 2019.
Prepare the journal entry on April 1, 2014. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)


DateAccount Titles and ExplanationDebitCredit
Apr. 1, 2014
Dot Image
Report this Question as Inappropriate
Tutorials for this Question
  1. solutionshere
    Tutorial # 00275541 Posted By: solutionshere Posted on: 05/10/2016 03:43 PM
    Puchased By: 3
    Tutorial Preview
    The solution of ACCOUNTING 305 On April 1, 2014, West Company purchased $395,000 of 6.00% bonds...
      Get the Solution
    Attachments
    Available_for_sale_security_410550.docx (9.73 KB)
    Recent Feedback
    Rated By Feedback Comments Rated On
    ama...803 Rating Self-explanatory tutorials 09/06/2016
  Get the Solution

Great! We have found the solution of this question!

Related Questions and Answers

Whatsapp Lisa