Kendall Corp

question 27

Multiple Choice

Kendall Corp.purchased at par value $160,000 of Barker Company's 7% bonds that mature in 10 months.The bonds pay interest semiannually on June 1 and December 1.Kendall plans to hold the bonds until they mature.The journal entry to record Kendall's purchase of the bonds is:

• A)debit Short-Term Debt Investments−HTM $160,000; credit Cash,$160,000.
• B)debit Cash,$169,333; credit,Short-Term Investments−HTM $169,333.
• C)debit Cash,$160,000; credit Short-Term Investments−HTM $160,000.
• D)debit Long-Term Debt Investments-HTM $160,000; credit Cash $160,000.
• E)debit Cash,$160,000; credit Long-Term Debt Investments-HTM $160,000.

---

Definitions:

Generation Z

The demographic cohort following Millennials, generally born between the late 1990s and early 2010s, characterized by their use of technology and progressive attitudes.

Furloughing

A situation in which an organization asks or requires employees to take time off for either no pay or reduced pay.

Employee Leasing

An arrangement where businesses contract with a third-party organization to manage and provide their workforce, transferring many of the employer's responsibilities and liabilities.