Question
On September 30, bonds held as available for sale securities were sold. The face value of the bonds was $10,000. The amortized carrying value of
On September 30, bonds held as available for sale securities were sold. The face value of the bonds was $10,000. The amortized carrying value of the investment stands at $10,400 and the selling price was 101. Since September 30 was an interest date, accrued interest is not part of the transaction. Journalize the sale.
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The Process Auditing And Techniques Guide
Authors: J.P. Russell
2nd Edition
087389782X, 978-0873897822
