On January 1 of the Current Year,a Company Paid $150,000

question 205

Essay

On January 1 of the current year,a company paid $150,000 cash to purchase 7%,10-year bonds,with a par value of $150,000; interest is paid semiannually on June 30 and December 31.The company intends to hold these bonds until they mature.Prepare the journal entries to record the bond purchase and receipt of the semiannual interest payments on June 30 and December 31 of the current year.

---

Definitions:

Native Americans

Indigenous peoples of the United States, including various tribes, who were the original inhabitants of the land prior to European colonization.

Genome

The complete set of genes or genetic material present in a cell or organism.

Molecule

The smallest unit of a chemical compound that can exist; composed of two or more atoms bonded together.

Synapse

The junction between two neurons or between a neuron and a muscle, where electrical or chemical signals are transmitted across the gap.