Question: Moving to another question will save this response Question 6 of 20 Question 6 5 points SA On January 1, 2021, Rupar Retailers purchased $120.000
Moving to another question will save this response Question 6 of 20 Question 6 5 points SA On January 1, 2021, Rupar Retailers purchased $120.000 of Anand Company boods at a discount of 54.000. The Anand bonds pay interest but were purchased when the market interest rate was 9% for bonds of similar risk and maturity. The bonds pay interest semiannually on June 30 and December 31 of each year. Rupar accounts for the boods as a bold-to-maturity investment, and uses the effective interest method. In Ruper's December 31, 2021. journal entry to record the second period of interest, Rupar would record at credit to interest revenge of $5.2013 053220 53.600 55.400
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