Use the Following Information for Questions

question 113

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 entry for the sale of the bonds on January 2, 2022 is

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Definitions:

Taxonomic Groups

Categories used in the classification of organisms, arranged in a hierarchical system that ranges from broad to specific, such as kingdom, phylum, class, order, family, genus, and species.

Fossil Record

The collection of fossils, which are the preserved remains or imprints of organisms, providing historical evidence of life on Earth.

Bacteria

Microscopic single-celled organisms that can be found in various environments, some of which can cause disease while others are beneficial.

Mammals

A class of warm-blooded vertebrate animals characterized by the presence of mammary glands which in females produce milk for feeding their young.