I\'m needing ALL parts of this question answered please! Problem 13-2 On August

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I'm needing ALL parts of this question answered please!
Problem 13-2

On August 1, 2011, Airport Company sold Paxton Company $1,000,000 of 10-year, 6% bonds, dated July 1 at 100 plus accrued interest. On March 1, 2012, Paxton sold half of the bonds for $520,000 plus accrued interest. Present entries to record the following transactions:

Paxton Company:

Purchase of bonds on August 1, 2011.

Receipt of first semiannual interest amount on December 31, 2011.

The sale of the bonds on March 1, 2012.

For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".

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For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".

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Explanation / Answer

Date account titles debit credit April 1,2011 marketable securities 1000000 Bond interest receivable 5000 Cash 1005000 Dec 31,2011 cash 30000 Bond interest receivable 5000 Bond interest revenue 25000 March1,2012 cash 520000 Marketable securities 500000 Bond interest revenue 7500 Gain on sale of bond 12500

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