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:
Journalize the entries to record these transactions. For a compound transaction, if an amount box
does not require an entry, leave it blank. please show all math or points will not be rewarded.
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
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

2. Aug 31