Baldwin Inc. is an athletic footware company that began operations on January 1, 2014. The following transactions relate to debt investments acquired by Baldwin Inc., which has a fiscal year ending on December 31: Journalize the entries to record these transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. please show all math or points will not be rewarded. Mar 1. Purchased $50,000 of Buncombe Co. 6%, 10-year bonds at their face amount plus accrued interest of $250. The bonds pay interest semiannually on February\' 1 and August 1. 16. Purchased $84,000 of French Broad 5%, 15-year bonds at their face amount Solution March 1st Invest 50000 Invest REC 250 Cash 500250 March 16 Invest 84000 0Invest REC 175 Cash 84175 April 1st Cash Int REC Intr REV Aug 31 .

1. Baldwin Inc. is an athletic footware company that began operations on January 1, 2014. The
following transactions relate to debt investments acquired by Baldwin Inc., which has a fiscal
year ending on December 31:
Journalize the entries to record these transactions. For a compound transaction, if an amount box
does not require an entry, leave it blank. please show all math or points will not be rewarded.
Mar 1. Purchased $50,000 of Buncombe Co. 6%, 10-year bonds at their face amount plus
accrued interest of $250. The bonds pay interest semiannually on February' 1 and August 1. 16.
Purchased $84,000 of French Broad 5%, 15-year bonds at their face amount
Solution
March 1st
Invest 50000
Invest REC 250
Cash 500250
March 16
Invest 84000
0Invest REC 175
Cash 84175
April 1st
Cash
Int REC
Intr REV

2. Aug 31