Business, 12.12.2019 22:31 GamerGirl15
Assume babble manufacturing has excess cash to invest and pays $100,000 to buy $100,000 face value 5%, five year, stamp company bonds on january 1 of the current year. the bonds pay interest on june 30 and december 31 each year. babble plans to hold the bonds to maturity. the journal entry to record the purchase of the bonds with cash would be:
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Assume babble manufacturing has excess cash to invest and pays $100,000 to buy $100,000 face value 5...
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