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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