The Bradford Company sold the entire bond issue described in the previous exercise to Saxton-Bose Corporation. Required: 1. Prepare the journal entry to record the purchase of the bonds by Saxton-Bose on January 1, 2021. 2. Prepare the journal entry to record interest revenue on June 30, 2021 (at the effective rate). 3. Prepare the journal entry to record interest revenue on December 31, 2021 (at the effective rate).

Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.