On January 1, 2014, Tri-State Supply Company Purchased at Face

question 76

Multiple Choice

On January 1, 2014, Tri-State Supply Company purchased at face value, a $1,000 7%, bond that pays interest annually on January 1. Tri-State Company has a calendar year end. The adjusting entry on June 30, 2014, is

• A) not required.

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Definitions:

Study New Subjects

The act of learning about disciplines or areas of knowledge that are novel to the learner.

Slave Factories

Historical trading posts along the African coast where enslaved people were held before being transported across the Atlantic Ocean during the transatlantic slave trade.

Elmina

A town in Ghana known for its historic Elmina Castle, a major trading post during the transatlantic slave trade era.

Caboceer

A title used in parts of Africa to refer to a local chief or leader.