Homework Answers
(1)
|
Date |
General Journal |
Debit |
Credit |
|
June 30, 2021 |
Cash (5% * $20400000) |
$1020000 |
|
|
Discount on bond investment |
$84000 |
||
|
Interest Revenue (6% * $18400000) |
$1104000 |
(2)
|
Date |
General Journal |
Debit |
Credit |
|
December 31, 2021 |
Cash (5% * $20400000) |
$1020000 |
|
|
Discount on bond investment |
$89040 |
||
|
Interest Revenue (6% * [$18400000 + $84000]) |
$1109040 |
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help asap please
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