Question16

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Current Attempt in Progress On January 1, 2021, Nash's Trading Ltd. purchased at face value, a $1100,5%, bond that pays interest on January 1 and July 1. Nash's Trading has a calendar year end. The entry for the receipt of interest on July 1, 2021, is: O Cash 55.00 Interest Revenue 55.00 27.50 O Interest Receivable Interest Revenue 27.50 27.50 O Cash Interest Revenue 27.50 55.00 Interest Receivable Interest Revenue 55.00