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Ruben Company purchased $100,000 of Evans Company bonds at 100. The journal entry to record the purchase would be O debit Investments-Evans Company Bonds,
Ruben Company purchased $100,000 of Evans Company bonds at 100. The journal entry to record the purchase would be O debit Investments-Evans Company Bonds, $101,500, credit Cash, $101,500 O debit Investments-Evans Company Bonds, $100,000; credit Cash, $100,000 Odebit Investments-Evans Company Bonds, $100,000; credit Accounts payable, $100,000 debit Investments-Evans Company Bonds, $100,000, and Interest Receivable $1,500; credit Cash, $101,500
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