Leonard Technologies invests 566,000 to acquire 566,000 face value, 12%, five-year corporate bonds on December 31, 2014.

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Leonard Technologies Invests 566 000 To Acquire 566 000 Face Value 12 Five Year Corporate Bonds On December 31 2014 1 (19.29 KiB) Viewed 46 times

Leonard Technologies invests 566,000 to acquire 566,000 face value, 12%, five-year corporate bonds on December 31, 2014. The bonds will mature on December 31, 2019. The bonds pay Interest semiannually on December 31 and June 30 every year until maturity. Assume Leonard Technologies uses a calendar year. Based on the Information provided, which of the following will be included in the joumal entry for the transaction on December 31, 2018? Acredit to Interest Revenue for $3,960 OB. a credit to interest Revenue for $7,920 OC a debit to interest Revenue for $3,000 OD a debit to interest Revenue for $7.920