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i just want to make sure I did the last question correctly. Watson purchased a bond on January 1, 2018, for $150,000. The bond has
i just want to make sure I did the last question correctly.
Watson purchased a bond on January 1, 2018, for $150,000. The bond has a face value of $150,000 and matures in 5 years. The bond pays interest on June 30 and December 31 at a 3% annual rate Watson plans on holding the investment until maturity Read the requirements Date Accounts Debit Credit Dec. 31 Cash 2250 Interest Revenue Requirement 2. Journalize the transaction related to Watson's disposition of the bond at maturity on December 31, 2022. (Assume the last interest payment has already been recorded) Explanations are not required. (Record debits first, then credits Exclude explanations from journal entries.) Debit Credit Accounts Date 172500 2022 Dec 31 Cash Held-to-Maturity Debt Investments 172500 Choose from any list or enter any number in the input fields and then continue to the next question Aw40 6 9:23 AM 12/3/20192 Type here to searchStep by Step Solution
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