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Barnes Company purchased $98,000 of 110% bonds at par. The bonds mature in six years and are classified as a hels-to-maturity security. Which of the
Barnes Company purchased $98,000 of 110% bonds at par. The bonds mature in six years and are classified as a hels-to-maturity security. Which of the following is the correct journal entry to record the receipt of the usual semiannual interest payment? Multiple Choice debit Cash, $5.390, credit interest Revenue, $5,390 debit Unrealized Gain-Equity, 55.390 Credit Cash, $5,390 debit Cash, $10,780, credit Unrealized Gain-Equity, $10780 debit Cash, 510780, credit Long Term Investments-HTM, $10780 Cash 55.390: credit Long-Term Investments --HTM, 55,390
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