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On January 1, 2020, Moderna, Inc purchased as an investment $700,000, of 10,10-year bands, interest pod semi-anually. The market rate for similar bonds is 12

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On January 1, 2020, Moderna, Inc purchased as an investment $700,000, of 10,10-year bands, interest pod semi-anually. The market rate for similar bonds is 12 Moderna classified the investment as held to maturity investment. On December 31, 2011, after interest is received by Moderna Inc all the bonds are sold for $625,000 cash. Pass Joumal entries in the books of Modern Inc. los the purchase olan investment, receipt of coupon payment on June 30, and December 31, 2020. A BI

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