The adjusted trial balance of Richardson Electric at May 31,2015 is as follows: 
Prepare the necessary closing entries at May 31.
Definitions:
Current Yields
The annual income (interest or dividends) from an investment divided by the current price of the security, expressed as a percentage.
Par Value
The nominal or face value of a bond, share of stock, or other financial instruments, as stated by the issuing company.
Yield To Maturity
The total return anticipated on a bond if the bond is held until the date of its maturity, considering all payments from the time of purchase to maturity.
Term To Maturity
The remaining time until a debt security is due to be repaid, at which point the principal (or face value) is paid to the bondholders.
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