(Answered) On february1 2013 garzon purchased 6 bonds issued by pbs

Accounting

On february1, 2013 Garzon purchased 6% bonds issued by PBS Utlities at cost of $40,000 , which is their pa value. The bonds pay interest semiannually on july 31 and January 31. For 2013 Prepare entries to record Garzon's july 31 receipt of interest and its december 31 year end interest accrual.

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