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Kourtney Corp. purchased at par value, $60,000 of Kim Company's 8% bonds that mature in ten-years. The bonds pay interest semiannually on June 1 and
Kourtney Corp. purchased at par value, $60,000 of Kim Company's 8% bonds that mature in ten-years. The bonds pay interest semiannually on June 1 and December 1. Kourtney plans to hold the bonds until they mature. When the bonds mature, Kourtney should prepare the following journal entry (assume the semiannual interest was separately recorded): Seleccione una: a. debit Unrealized Gain-Equity, $2,400; credit Cash, $2,400 b. debit Cash, $60,000; credit Debt Investments-HTM, $60,000 c. debit Cash, $60,000; credit Long-Term Investments-Trading, $60,000 d. debit Debt Investments-HTM, $60,000; credit Cash, $60,000 e. debit Cash, $4,800; credit, Unrealized Gain-Equity, $4,800. Quitar mi eleccin Siguiente pgina
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