Business, 17.02.2020 22:00 ElierLeon

Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8%, and interest is paid semiannually. The journal entry to record the receipt of interest on the next interest payment date would be:

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Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The...