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2024 Jan. 5 Jun. 30 Purchased Vandel Company's $425,000 bond at face value. Cappa classified the investment as available-for-sale. The Vandel bond pays interest
2024 Jan. 5 Jun. 30 Purchased Vandel Company's $425,000 bond at face value. Cappa classified the investment as available-for-sale. The Vandel bond pays interest at the annual rate of 9% on June 30 and December 31 and matures on December 31, 2030. Management's intent is to keep the bonds for several years. Received an interest payment from Vandel. Dec. 31 Received an interest payment from Vandel. Dec. 31 Adjusted the investment to its current market value of $415,500. 5
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Accounting Information Systems The Crossroads of Accounting & IT
Authors: Donna Kay, Ali Ovlia
2nd Edition
132991322, 978-0132991322
