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10. Winrow Co. purchased 50, 6% Johnston Company bonds for $50,000 cash. Interest is payable annually on January 1. The entry torecord the December
10. Winrow Co. purchased 50, 6% Johnston Company bonds for $50,000 cash. Interest is payable annually on January 1. The entry torecord the December 31 interest accrual would include a Multiple-Choice (2.5 Points) O A. debit to Interest Revenue for $3,000. OB. debit to Interest Receivable for $3,000. O C. credit to Interest Revenue for $1,500. OD. debit to Debt Investments for $3,000.
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
