Question

Can anyone help with this problem below? It's accounting

Workshop 4 Problems Student Q Search Shoot + View Doo Home Insert Page Layout Formulas Data X Cut Calibri (Body) 12 . A A Paste Format B IU. . .A G11 x fx Review = ASA. - Ep Wrap Text Morge & Center Nam Copy General $ . % H : Conditional Format Formatting as Table Good Check Cell D. Insert x. Delete . Format ) Clear Points: 12 items 2 pts. Each - 24 points. 14.3 Recording trustment in Bonds - Long Term Aset 2 Directions: Progare journal entries based on the following information 4 al Record the purchase of $100,000 bond, 3%, 5-year bond 5 atur value with respidserannually Date Accou petit 11 Record receipt of an interest payment 14 Date Account Debit Credit Interest income 18 ) Record redemption of bond at maturity 20 Date Inn t in Bands Problem 4.1 Problem 4.2 Problem 4.3 Problem 4.4 Problem 4.5 Problem 4.6 + Ready E M - + 100%

Answer 1

Solution:

Date	Particulars	Debit	Credit
Issue	Investment in Bond	$1,00,000
	Cash		$1,00,000
Date	Particulars	Debit	Credit
Interest	Cash ($100,000*8%*6/12)	$4,000
	Interest Income		$4,000
Date	Particulars	Debit	Credit
Maturity	Cash	$1,00,000
	Investment in bond		$1,00,000