Assume Jones Electronics has excess cash to invest and buys $200,000 of face value 5%, five year, Beck Company bonds on January 1 of the current year. The bonds pay interest on June 30 and December 31 each year. What would be the journal entry for Jones Company to dispose of the bond at maturity (assuming all interest payments have already been recorded)

Answer rating: 100% (QA)

To record the disposal of the bond at maturity for Jo... View the full answer