Journalize the following? On july 1, 2020, bearish company purchased as trading investment a P2,000,000 face amount
Fantastic news! We've Found the answer you've been seeking!
Question:
On july 1, 2020, bearish company purchased as trading investment a P2,000,000 face amount 8% bond for P2,200,000 plus accrued interest and commission of P50,000. the bond pays interest annually on december 31.
Related Book For
Intermediate Accounting
ISBN: 978-1119048534
11th Canadian edition Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
Posted Date: