On September 1, 2015, Johnson Investments purchased $180,000 of 10-year, 5% Manhattan Ltd. bonds at par, plus
Question:
a. Journalize the entry to record the bond purchase.
b. Journalize the accrued interest adjustment on December 31, 2015.
c. Journalize the entry to record receipt of the interest on February 1, 2016.
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Related Book For
Accounting Volume 2
ISBN: 978-0176509743
2nd Canadian edition
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
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