Business, 06.11.2019 20:31 hardwick744

Starship enterprises enters into the following transactions during 2016 and 2017: 2016 jan.1: purchased $100,000 face value of northern lights inc. bonds at face value. the newly issued bonds have an interest rate of 8% paid semiannually on june 30 and december 31. the bonds mature in five years. june 30: received interest on the northern lights inc. bonds. dec. 31: received interest on the northern lights inc. bonds. jan 1: sold the northern lights inc. bonds for $102,000. required: 1. prepare all necessary journal entries on starship’s records to account for its investment in the northern lights bonds. 2. why was starship able to sell its northern lights bonds for $102,000?

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Starship enterprises enters into the following transactions during 2016 and 2017: 2016 jan.1: purc...

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