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Please make sure debits and credits are clearly shown thanks! Required information [The following intormation applies to the questions displayed below] Electronic Arts incorporated is
Please make sure debits and credits are clearly shown thanks! Required information [The following intormation applies to the questions displayed below] Electronic Arts incorporated "is a global leader in digital interactive entertainment. We develop, market, publish and detiver games, content and services that can be played and watched on game consoles, PCs, mobile phones and tablets," Popular brands include Battlefeld, The Sims, Madden NFL, and Star Wars. The company reported over $5.5 bilion in revenue in a recent year. Assume thet as part of its cash monagement strategy. Eiectronic Arts purchased 5113 million in bonds at par for cash on July 1 of the current year. The bonds poy 9 percent interest annually, with payments on June 30 and December 31, and mature in 5 years. The company pions to hold the bonds umil mofurity 2. Record the receipt of interest on December 31 of the curtent year Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Enter your answers in whole dollars not in millions (ie., 1,000,000 not 1.0). Journal entry worksheet Record the receipt of interest on December 31 of the current year. Notes terter detits before credit
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