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24 General Electric purchased $52,000 of 8.5% bonds at par. The bonds mature in six years and are classified as a held-to-maturity security. When
24 General Electric purchased $52,000 of 8.5% bonds at par. The bonds mature in six years and are classified as a held-to-maturity security. When General Electric receives its check for the interest payment every six months, how should it be recorded? 00:52:19 Multiple Choice eBook debit Cash, $4,420; credit Long-Term Investments-Held-to-maturity (HTM), $4,420. debit Cash, $4,420; credit Unrealized Gain-Equity, $4,420. debit Cash, $2,210; credit Interest Revenue, $2,210. debit Cash, $2,210; credit Long-Term Investments-Held-to-maturity (HTM), $2,210. debit Unrealized Gain-Equity, $2,210; credit Cash, $2,210.
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