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QUESTION
purchased 30, 6% Company bands for $30000 cash plus brokerage fees of $300. Interest is payable semiannually on July 1 and January 1.
purchased 30, 6% Company bands for $30000 cash plus brokerage fees of $300. Interest is payable semiannually on July 1 and January 1. The entry to record the July 1 semiannual interest payment would include a:
a. Credit to interest revenue for $900.
b. Credit to interest Revenue for $909.
c. Credit to Debt Investments for $909.
d. Debt to Interest Receivable for $900.
