Business
Business, 07.11.2019 01:31, DRock4976

On january 1,2018, the chaucer’s restaurant decides to invest in lake turner bonds. the bonds mature on december 31,2023, and pay interest on june 30 and december 31 at 4% annually. the market rate of interest was 4% on january 1, 2018 so the 90,000 maturity value bonds sold for face value. chaucer intends to hold the bonds until december 31,2023.
1. journalize the tractions related to chaucer’s investment in lake turner bonds during 2018.
2. in what category would chaucer report the investment on december 31, 2018, balance sheet.

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Answers: 3

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On january 1,2018, the chaucer’s restaurant decides to invest in lake turner bonds. the bonds mature...

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