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On Jonuary 1, 2024, Rupar Retalers purchased $100,000 of Anand Company bonds at a diseount or $6,000. The Anand bonds pay 6% interest but were

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On Jonuary 1, 2024, Rupar Retalers purchased $100,000 of Anand Company bonds at a diseount or $6,000. The Anand bonds pay 6% interest but were purchased when the market interest rate was 7 for bonds of similsr risk and maturify. The bonds pay interest semisanualy on June 30 and December 31 of each yeat, fupar accounts for the bonds as a held-to-maturity investment, and uses the EMective interest method. In Rupars December 31,2024 , journal entiy to record the second period of interest, Rupar would record a credit to interest reverue of: Murigie chicke 51390 13000. 3non 5300

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