On April 1, Alliance Company purchased $50,000 of Tetter Company's 12% bonds at 100 plus accrued interest of $2,000. On June 30, Alliance received its first semiannual interest. On February 1, Alliance sold $40,000 of the bonds at 103 plus accrued interest. The journal entry Alliance will record on April 1 for the purchase of the bonds will include a:.
1. debit for Cash of $50,000
2. debit to Investments—Tetter Company Bonds for $52,000
3. debit to Investments—Tetter Company Bonds for $50,000

Option (3) is correct.

Explanation:

Given that,

cost of purchasing Tetter Company's 12% bonds = $50,000

Accrued interest expense = $2,000

The journal entry is as follows:

On April 1,

Investments in debt securities - Tetter Company bonds A/c Dr. $50,000

Interest receivable A/c Dr. $2,000

                   To Cash    $52,000

(To record the purchase of the bonds)

support your answer using the data presented. (5 points). 4. based on the information you used to schedule and curve, which product would you recommend the shoe hut focus on, and why? provide details that support your answer. (5 points).

answer; (a) conduct a worksite inspection;