Journalize the entries to record the following selected bond investment for Hall

Question

Journalize the entries to record the following selected bond investment for Hall Trust.
April 1 Purchase for cash 388,000 of Medina City 4% Bonds At 100 plus accrued interest of $3880.
June 30 Received first semiannual interest payment.
July 31 Sold $154,800 of the bonds at 96 plus interest of $516. Journalize the entries to record the following selected bond investment for Hall Trust.
April 1 Purchase for cash 388,000 of Medina City 4% Bonds At 100 plus accrued interest of $3880.
June 30 Received first semiannual interest payment.
July 31 Sold $154,800 of the bonds at 96 plus interest of $516. Journalize the entries to record the following selected bond investment for Hall Trust.
April 1 Purchase for cash 388,000 of Medina City 4% Bonds At 100 plus accrued interest of $3880.
June 30 Received first semiannual interest payment.
July 31 Sold $154,800 of the bonds at 96 plus interest of $516. Journalize the entries to record the following selected bond investment for Hall Trust.
April 1 Purchase for cash 388,000 of Medina City 4% Bonds At 100 plus accrued interest of $3880.
June 30 Received first semiannual interest payment.
July 31 Sold $154,800 of the bonds at 96 plus interest of $516. Journalize the entries to record the following selected bond investment for Hall Trust.
April 1 Purchase for cash 388,000 of Medina City 4% Bonds At 100 plus accrued interest of $3880.
June 30 Received first semiannual interest payment.
July 31 Sold $154,800 of the bonds at 96 plus interest of $516.
April 1 Purchase for cash 388,000 of Medina City 4% Bonds At 100 plus accrued interest of $3880.
June 30 Received first semiannual interest payment.
July 31 Sold $154,800 of the bonds at 96 plus interest of $516.

Explanation / Answer

april 1 4% bonds 388000 interest receivable 3880 cash 391880 (to record purchase of bond and interest accured) june 30 cash ((388000*4%)/2) 7760 interest receivable 3880 interest revenue 3880 (to record receipt of semiannual interest) july 31 cash [(154800*0.96)+516] 149124 loss on sale of investment [154800*(0.1 - 0.96)] 6192 interest revenue 516 4% bonds 154800 (to record sale of bond at discount)

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