Business, 04.03.2020 05:26, canonmille2
Pools purchased $ 60 comma 000 of 14% DMH bonds on January 1, 2018, at a price of 159.5 when the market rate of interest was 6%. Nautical intends to hold the bonds until their maturity date of January 1, 2028. The bonds pay interest semiannually on each January 1 and July 1. Read the requirementsLOADING Make the adjusting entries that Nautical Pools would need to make on December 31, 2018, related to the investment in DMH bonds. (Record debits first, then credits. Exclude explanations from any journal entries.) First, record the entry for the interest receivable at December 31, 2018.
Answers: 2
Pools purchased $ 60 comma 000 of 14% DMH bonds on January 1, 2018, at a price of 159.5 when the mar...
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