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Business, 19.02.2020 00:23 naiquawhite

On September 1, the Consul Company acquired $10,000 face value, 8% bonds of Envoy Corporation at 104. The bonds were dated May 1 and mature in 5 years on April 30, with interest payable each October 31 and April 30. What entry should Consul make to record the purchase of the bonds

A. Investment in bonds $10,400

Interest receivable 266

Cash $10,666

B. Investment in bonds $10,666

Cash $10,666

C. Investment in bonds $10,666

Accrued interest 266

Cash 10,400

D. Investment in bonds $10,000

Premium on bonds 666

Cash $10,666

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On September 1, the Consul Company acquired $10,000 face value, 8% bonds of Envoy Corporation at 104...
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