- On January 1 2020 Larsson Inc Purchased 150 Jones Inc 8 10 Year 5 000 Bonds The Bonds Pay Interest Annually On De 1 (12.55 KiB) Viewed 4518 times
On January 1, 2020, Larsson Inc. purchased 150 Jones Inc.8%, 10-year $5,000 bonds. The bonds pay interest annually on De
-
answerhappygod
- Site Admin
- Posts: 899559
- Joined: Mon Aug 02, 2021 8:13 am
On January 1, 2020, Larsson Inc. purchased 150 Jones Inc.8%, 10-year $5,000 bonds. The bonds pay interest annually on De
On January 1, 2020, Larsson Inc. purchased 150 Jones Inc.8%, 10-year $5,000 bonds. The bonds pay interest annually on December 31. If Larsson receives the interest payment for 2020 on January 1, 2021, how should it journalize this event? $60.000 debit to Interest Receivable and $60,000 credit to Interest Revenue O $60.000 debit to Cash and $60,000 credit to Interest Receivable O $60.000 debit to Interest Revenue and $60,000 credit to Interest Receivable O $60,000 debit to Cash and $60,000 credit to Interest Revenue