Question
On April 30, 2019, Aggie Corporation purchased Smith Corporation 10%, 5-year bonds with a face value of $12,000 at par plus four months of accrued
On April 30, 2019, Aggie Corporation purchased Smith Corporation 10%, 5-year bonds with a face value of $12,000 at par plus four months of accrued interest.
Required:
| Prepare the April 30 journal entry to record the purchase of these available-for-sale securities. |
Prepare the April 30 journal entry to record the purchase of these available-for-sale securities.
GENERAL JOURNAL
| DATE | ACCOUNT TITLE | POST. REF. | DEBIT | CREDIT | |
|---|---|---|---|---|---|
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Auditing Information And Cyber Security Governance
Authors: Robert E Davis
1st Edition
1000416089, 9781000416084
