Business, 05.11.2020 19:10 lizzie3545
On August 1, 2021, Fowler Company acquired $500,000 face value 10% bonds of Kasnic Corporation at 104 plus accrued interest. The bonds were dated May 1, 2021, and mature on April 30, 2026, with interest payable each October 31 and April 30. The bonds will be held to maturity. What entry should Fowler make to record the purchase of the bonds on August 1, 2021?
a) Debt Investments: 500,000 | Premium on Bonds: 32,500 | Cash: 532,500
b) Debt Investments: 520,000 | Interest Revenue: 12,500 | Cash: 532,500
c) Debt Investments: 532,500 | Interest Revenue: 12,500 | Cash: 520,000
d) Debt Investments: 532,500 | Cash: 532,500
Answers: 3
Business, 21.06.2019 18:50
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Business, 22.06.2019 03:40
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Answers: 1
Business, 22.06.2019 09:30
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Business, 22.06.2019 12:20
In terms of precent, beer has more alcohol than whiskey true or false
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On August 1, 2021, Fowler Company acquired $500,000 face value 10% bonds of Kasnic Corporation at 10...
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