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On January 1, 2021, Blue Spruce Manufacturing Ltd. purchased at face value, a $1200, 4.9%, bond that pays interest on January 1 and July
On January 1, 2021, Blue Spruce Manufacturing Ltd. purchased at face value, a $1200, 4.9%, bond that pays interest on January 1 and July 1. Blue Spruce Manufacturing has a calendar year end. The adjusting entry on December 31,2021, is: Interest Receivable Interest Revenue 29.40 29.40 none required. O Cash 29.40 Interest Revenue 29.40 Interest Receivable 29.40 Long-term investment-Bonds 29.40
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Applying International Financial Reporting Standards
Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise
3rd edition
730302121, 978-0730302124
