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 semi-annually.
Required:
1. The journal entry to record the receipt of interest on the next interest payment date would be .
a. Debit: Cash $4,000; Credit: Interest Receivable $1,500 and Interest Revenue $2,500
b. Debit: Cash $4,000; Credit: Interest Receivable $4,000
c. Debit: Cash $4,000; Credit: Interest Revenue $4,000
d. Debit: Cash $2,500; Credit: Interest Revenue $2,500

1. The journal entry to record the receipt of interest on the next interest payment date would be Debit: Cash $4,000; Credit: Interest Receivable $1,500 and Interest Revenue $2,500

Correct option is A

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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