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A company purchased $100,000 of Profeta Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and interest is paid
A company purchased $100,000 of Profeta Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and interest is paid semiannually. The journal entry to record the purchase would be o debit Investment-Bonds, $100,000; credit Interest Revenue, $1,500, and Cash, $98,500 o debit Investment-Bonds, $101,500; credit Cash, $101,500 o debit Investment-Evans Company Bonds, $100,000; credit Cash $100,000 o debit Investment-Bonds, $100,000, and Interest Receivable $1,500; credit Cash $101,500 Assume the following data: Department M had 2,000 units 40% completed in process at the beginning of June. 12,000 units are completed during June. 1,200 units 25% are completed at the end of June. The company uses FIFO to cost inventories. What was the number of equivalent units of production of conversion costs for June? O 10,000 units o 11,500 units O 15,200 units O 11,200 units
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