Question: Advanced Electronics invests $ 1 0 0 , 0 0 0 to acquire $ 1 0 0 , 0 0 0 face value, 2 %
Advanced Electronics invests $ to acquire $ face value, fiveyear corporate bonds on December The bonds pay interest semiannually on June and December every year until maturity. Assume Advanced Electronics uses a calendar year. Based on the information provided, which of the following is the journal entry for the transaction on December Question options: A debit to Interest Revenue for $; and a credit to Cash for $ A debit to Cash for $; and a credit to Interest Revenue for $ A debit to Interest Revenue for $; and a credit to Cash for $ A debit to Cash for $; and a credit to Interest Revenue for $
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