On august 1 2010 dambro co acquired 200 1000 9 bonds at 97, Ask an Expert

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On August 1, 2010, Dambro Co acquired 200, $1,000, 9% bonds at 97 plus accrued interest. The bonds will be added to Dambro's available for sale portfolio. The bonds were dated May 1, 2010, and mature on April 30, 2016, with interest paid each October 31 and April 30. Record the bond pruchase on August 1, 2010

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M996833

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