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Q29 30 give correct answer in 15 mins i will thumb up thanks QUESTION 29 Tolan Co. purchased 90, 6% Irick Company bonds for $90,000
Q29 30 give correct answer in 15 mins i will thumb up thanks
QUESTION 29 Tolan Co. purchased 90, 6% Irick Company bonds for $90,000 cash. Interest is payable annually on January 1. If 45 of the securities are sold on May 1 for $46,500 plus accrued interest, the entry would include a credit to Gain on Sale of Debt Investments for O $3,000 O $1,800 O $3,300 O $1,500 QUESTION 30 On January 1, 2017, Bregeut Company, a calendar year corporation, purchased 600 of the CHF1,000 face value, 9% bonds of Clariant Incorporated, for CHF600,000. The bonds, which mature on January 1, 2022, pay interest annually on January 1 O a credit to Bonds Payable for CHF600,000 O a debit to Interest Receivable for CHF54,000 O a credit to Interest Revenue for CHF27,000 O a debit to Debt Investments for CHF600,000Step by Step Solution
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