Business, 22.05.2020 16:58 Mariaisagon8446

A. Red Company has excess cash to invest and pays Ş 50.000 to buy Ş 50.0000 face value, % 5 five-year B Company’s bonds July 1, 2019. Red Company plans to hold the bonds until maturity.

B. On December 31, 2019 Red Company receives the first interest payment on the bond investment.

C. When Red Company disposes of the bonds at maturity on June 30, 2024, it will receive the face value of the bonds. Assuming that the last interest payment has been recorded, the entry is:

WHAT IS JOURNAL ENTRY?

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A. Red Company has excess cash to invest and pays Ş 50.000 to buy Ş 50.0000 face value, % 5 five-yea...