On January 1, 2022, JBT Company purchased at face value, a $1,000 6%, bond that pays interest on January 1.JBT Company has a calendar year end.The adjusting entry on December 31, 2022, is 
Definitions:
Maker
A person obligated as the payor on a promissory note. See also comaker.
Bearer Note
A type of fixed-income security that is not registered by the issuer, allowing any holder in possession to collect on it.
Draft
A preliminary version of a document or plan that is subject to revisions or editing.
Holder in Due Course
A legal term referring to a party that has acquired a negotiable instrument, like a check, in good faith and has the right to collect the face value of the instrument without any defenses.
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