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Short- Term Investments - Bonds $ 4 , 940 Cash $ 4, 940 B. Short- Term Investments - Bonds $ 4, 940 Bond Interest Receivable 150 Cash $5, 090 C....
Question 4: On February 1, 20X1, Vinmart purchased as a short-term investment five $1,000 VinHome Corp 20-year 6% bonds at 98 plus a brokerage fee of
$40. Bond interest is paid semiannually on February 1 and August 1. Which of the following journal entries correctly records this purchase on February 1, 20X1?
Question 5: On February 1, 20X1, as a short-term investment, the Phuong Dong Company purchased 20 Vinfast Corporation bonds having a face value of $1,000 each at 98 plus accrued interest. Interest on these 6% Vinfast Corporation bonds is paid semiannually on January 1 and July 1. Which of the following journal entries represents the correct recording of this transaction?
- Attachment 1
- Attachment 2