recording investment in bonds-long term asset. prepare journal entries based on the following information a. record the purchase if 100000 bond, 8%, 5-year bond at par value with interest paid semiannually. b. record receipt of an interest payment. c. record redemption of bond at maturity.

Number Is-% Numbe Calibri 12 AAEEE W rap text Paste BTU - E -A- EES Merye & Center - Clipboard Font Alignment E15 x for A B C D E F G H 2 Directions: Prepare journal entries based on the following information I 4 a) Record the purchase of $100,000 bond, 8%, 5-year bond 5 at par value with interest paid semiannually 6 Credit Debit $ 100,000 100,000 7 Date Account 8 Issue Investment in Bonds Cash 10 11 b) Record receipt of an interest payment 12 13 Debit Credit 14 Date Account 15 Interest Cash 16 Interest Income 17 18 c) Record redemption of bond at maturity Debit Credit 20 Date Account 21 Maturity Cash 22 Investment in Bonds Problem 4.1 Problem 4.2 Ready Problem 4.3 Problem 4.4 Problem 4.5 Problem 4 Type here to search O te m