Ban Co Purchased 50 5% Waylan Company Bonds on January 1

question 157

Multiple Choice

Ban Co. purchased 50 5% Waylan Company bonds on January 1 2016 for $50500 cash. Interest is payable annually on January 1. The entry to record the January 1 2017 annual interest payment would include a

• A) debit to Interest Revenue for $2500.
• B) credit to Interest Receivable for $2500.
• C) credit to Interest Revenue for $2525.
• D) credit to Debt Investments for $2525.

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Definitions:

Xiphoid Process

A small cartilaginous process of the lower part of the sternum which usually ossifies in the adult human.

Anterior Surface

The front or forward-facing side of a body or anatomical structure.

External Landmarks

Visible features on the body's surface used for anatomical orientation or medical reference.

Internal Structures

refer to the complex parts and systems within an organism that contribute to its biological functions.