Use the Following Information for Questions

question 3

Short Answer

Use the following information for questions
On January 1, 2021, Marianne Corp.purchased $50,000, of Robin Ltd.'s 4%, 10-year bonds for $48,000, since the market interest rate was approximately 4.5%.The bonds pay interest on January 1 and July 1.Marianne has a calendar year end, and classified the bonds as long-term investments.The fair value on December 31, 2021 was $48,500.Marianne sold the bonds on January 2, 2022 for $48,500.
-The adjusting entry for interest on December 31, 2021, is

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Definitions:

Power Issues

Concerns related to the distribution, exercise, and effects of power within various social, political, or organizational contexts.

Groups

Collections of individuals who come together for a common purpose, interest, or activity, sharing certain beliefs, values, or goals.

Socialization Groups

Groups designed to enhance social skills and interactions among members through structured activities and discussions.

Physical Environment

The physical surroundings or conditions in which an individual, community, or organism lives and interacts, including natural and built structures.