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Advanced Electronics invests $170,000 to acquire $170,000 face value, 2%, five-year corporate bonds on December 31, 2024. The bonds pay interest semiannually on June 30
Advanced Electronics invests $170,000 to acquire $170,000 face value, 2%, five-year corporate bonds on December 31, 2024. The bonds pay interest semiannually on June 30 and December 31 every year until maturity. Assume Advanced Electronics uses a calendar year. Based on the information provided, which of the following is the journal entry for the transaction on December 31, 2025? A. A debit to Interest Revenue for $1,700; and a credit to Cash for $1,700. B. A debit to Cash for $1,700; and a credit to Interest Revenue for $1,700. OC. A debit to Cash for $3,400; and a credit to Interest Revenue for $3,400. OD. A debit to Interest Revenue for $3,400; and a credit to Cash for $3,400. .do
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