On February 28, 20X4, Jamatt Industries purchased a $200,000, 6%, 4 year bond for $186,751. The bond pays interest annually on March 1. The market interest rate at the time of purchase was 8%. Jamatt using the effective interest method to measure interest revenue. The entry to record interest revenue on March 1, 20X5 would include what amount of credit to interest revenue?

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To determine the amount of credit to interest revenue in the entry to record interest revenue on Mar... View the full answer