Ban Co Purchased 50, 5% Waylan Company Bonds for $50,000 Cash

question 87

Multiple Choice

Ban Co. purchased 50, 5% Waylan Company bonds for $50,000 cash plus brokerage fees of $500. Interest is payable semiannually on July 1 and January 1. The entry to record the July 1 semiannual interest payment would include a

• A)debit to Interest Receivable for $1,250.
• B)credit to Interest Revenue for $1,250.
• C)credit to Interest Revenue for $1,262.50.
• D)credit to Debt Investments for $1,262.50.

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Definitions:

Support Community

A group of people who provide emotional, informational, and practical support to each other around shared experiences or challenges.

Physical Neighborhood

A specific geographical area defined by physical boundaries such as streets and rivers, often characterized by a shared sense of community among its residents.

Local Resources

Available assets, services, or facilities within a community intended to meet the needs of its members.

Participatory Support

Assistance or backing that involves active involvement and contribution from all members of a group or community.