Question
Bonds with a face value of $100,000 were purchased through a broker at 104 plus a commission of $120 and accrued interest of $2,500. What
Bonds with a face value of $100,000 were purchased through a broker at 104
plus a commission of $120 and accrued interest of $2,500. What is the
amount of the initial entry to record the investment:
plz show work
a. 104,000
b. 104,120
c. 106,500
d.106,120
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Cost Management
Authors: Don R Hansen, Maryanne M Mowen, Dan L Heitger
5th Edition
357141091, 978-0357141090
