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Pincher Company purchased 50 Issac Company

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Description

Pincher Company purchased 50 Issac Company Pincher Company purchased 50 Issac Company 12%, 10-year, $1,000 bonds on January 1, 2013, for $54,000. Pincher Company also had to pay $500 of broker’s fees. The bonds pay interest semiannually. On January 1, 2014, after receipt of interest, Pincher Company sold 30 of the bonds for $31,000. Instructions Prepare the journal entries to record the transactions described above. Business Assignment Help, Business Homework help, Business Study Help, Business Course Help

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