Baldwin Inc. is an athletic footware company that began operations on January 1, 2014. The following transactions relate to debt investments acquired by Baldwin Inc., which has a fiscal year ending on December 31: please show your math or no points will be rewarded. please include all answers Journalize the entries to record these transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. Mar 1. Purchased $50,000 of Buncombe Co. 6%, 10-year bonds at their face amount plus accrued interest of $250. The bonds pay interest semiannually on February\' 1 and August 1. 16. Purchased $84,000 of French Broad 5%, 15-year bonds at their face amount plus accrued interest of $175. The bonds pay interest semiannually on March 1 and September 1. Aug 1. Received semiannual interest on the Buncombe Co. bonds. 31. Sold $20,000 of Buncombe Co. bonds at 99 plus accrued interest of $100. 1. Received semiannual interest on the French Broad bonds. 31. Accrued $750 interest on the Buncombe Co. bonds. 31. Accrued $1,400 interest on the French Broad bonds. 1. Received semiannual interest on the Buncombe Co. bonds. Mar 1. Received semiannual interest on the French Broad bonds. Solution March 1st Invest 50000 Invest REC 250 Cash 500250 March 16 Invest 84000 0Invest REC 175 Cash 84175 April 1st Cash Int REC Intr REV Aug 31 .

1. Baldwin Inc. is an athletic footware company that began operations on January 1, 2014. The
following transactions relate to debt investments acquired by Baldwin Inc., which has a fiscal
year ending on December 31: please show your math or no points will be rewarded. please
include all answers
Journalize the entries to record these transactions. For a compound transaction, if an amount box
does not require an entry, leave it blank.
Mar 1. Purchased $50,000 of Buncombe Co. 6%, 10-year bonds at their face amount plus
accrued interest of $250. The bonds pay interest semiannually on February' 1 and August 1. 16.
Purchased $84,000 of French Broad 5%, 15-year bonds at their face amount plus accrued interest
of $175. The bonds pay interest semiannually on March 1 and September 1. Aug 1. Received
semiannual interest on the Buncombe Co. bonds. 31. Sold $20,000 of Buncombe Co. bonds at 99
plus accrued interest of $100. 1. Received semiannual interest on the French Broad bonds. 31.
Accrued $750 interest on the Buncombe Co. bonds. 31. Accrued $1,400 interest on the French
Broad bonds. 1. Received semiannual interest on the Buncombe Co. bonds. Mar 1. Received
semiannual interest on the French Broad bonds.
Solution
March 1st
Invest 50000
Invest REC 250
Cash 500250
March 16
Invest 84000
0Invest REC 175
Cash 84175

2. April 1st
Cash
Int REC
Intr REV
Aug 31