Question: <a href=Parilo Company acquired 0,000 of Makofske Co., 6% bonds on May 1, 2016, at their face amount. …” />

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Question: Parilo Company acquired $180,000 of Makofske Co., 6% bonds on May 1, 2016, at their face amount. …
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Show transcribed image text Parilo Company acquired $180,000 of Makofske Co., 6% bonds on May 1, 2016, at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, 2016, Parilo Company sold , 800 of the bonds for 99. Journalize entries to record the following (refer to the Chart of Accounts for exact wording of account titles):

Parilo Company acquired $180,000 of Makofske Co., 6% bonds on May 1, 2016, at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, 2016, Parilo Company sold $55, 800 of the bonds for 99. Journalize entries to record the following (refer to the Chart of Accounts for exact wording of account titles):

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