Question
On January 1, Sheridan Company purchased as an investment a $2000, 6% bond for $2000. The bond pays Interest on January 1. What is
On January 1, Sheridan Company purchased as an investment a $2000, 6% bond for $2000. The bond pays Interest on January 1. What is the entry to record the interest accrual on December 31? Interest Receivable Interest Revenue 120 10 Debt Investments Interest Revenue 120 Interest Receivable Interest Revenue Debt Investments Interest Revenue 120 120 60 60 60 60
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Using Excel & Access for Accounting 2010
Authors: Glenn Owen
3rd edition
1111532672, 978-1111532673
