On january 1 2012 winston company purchased 6 bond for, Ask an Expert

Accounting

On January 1, 2012, Winston Company purchased 6% bond for 50,000 cash. Interest is payable semiannuallyon July 1. the entry to record the July 1 semiannually interest payment would include a:

a.) debit to Interest receivable for $3000

b.) credit to Interest revenue for $150

0 c.) debit to interest receivable for $1500

d.) credit interest revenue to $3000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9982066

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