Lance Brothers Enterprises acquired $755,000 of 4% bonds, dated July 1, on July 1, 2021, as a long-term investment. Management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 5% for bonds of similar risk and maturity. Lance Brothers paid $675,000 for the investment in bonds and will receive interest semiannually on June 30 and December 31. Prepare the journal entries (a) to record Lance Brothers' investment in the bonds on July 1, 2021, and (b) to record interest on December 31, 2021, at the effective (market) rate. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 2 > Record Lance Brothers' investment in the bonds on July 1, 2021. Record interest on December 31, 2021, at the effective (market) rate.
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Business, 21.06.2019 15:00, iviestrong7430
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Business, 22.06.2019 13:30, brittanysanders
1. is the act of declaring a drivers license void and terminated when it is determined that the license was issued through error or fraud.
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Business, 22.06.2019 16:00, knownperson233
In macroeconomics, to study the aggregate means to study blank
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Lance Brothers Enterprises acquired $755,000 of 4% bonds, dated July 1, on July 1, 2021, as a long-t...
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