Instruction On August 1, Year 1, Ant Company sold Bee Company $1,500,000 of 10 year,...
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Instruction On August 1, Year 1, Ant Company sold Bee Company $1,500,000 of 10 year, 6% bonds, dated July 1 at 100 plus accrued interest. On March 1 Year 2. Bee sold har of the bonds for $782,500 plus accrued interest Required: Present entries to record the following transactions: Bee Company (a) Purchase of bonds on August 1 Year 1. (b) Receipt of first semiannual interest amount on December 31, Year 1 (c) The sale of the bonds on March 1, Year 2
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