Business, 20.08.2019 17:20 keesbre

On january 1, 2011, rupar retailers purchased $100,000 of anand company bonds at a discount of $5,000. the anand bonds pay 6% interest but were purchased when the market interest rate was 7% for bonds of similar risk and maturity. the bonds pay interest semi-annually on january 1 and july 1 of each year. rupar accounts for the bonds as a held-to-maturity investment, and uses the effective interest method. in rupar's december 31, 2011 journal entry to record the second period of interest, rupar would record a credit to interest revenue of:

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On january 1, 2011, rupar retailers purchased $100,000 of anand company bonds at a discount of $5,00...

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