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Assume that on April 1, Jerome, Incorporated, paid $100,000 to buy Potter's 8 percent, two-year...

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Accounting

Assume that on April 1, Jerome, Incorporated, paid $100,000 to buy Potter's 8 percent, two-year bonds with a $100,000 par value. The bonds pay interest semiannually on March 31 and September 30. Jerome intends to hold the bonds until they mature. Complete the necessary journal entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns. View transaction list Journal entry worksheet 1 Assume that on April 1, Jerome, Inc., paid $100,000 to buy Potter 8 percent, two-year bonds with a $100,000 par value. The bonds pay interest semiannually on March 31 and September 30. Jerome intends to hold the bonds until they mature. Complete the necessary journal entry by selecting Note: Enter debits before credits. Date Apr. 1 General Journal Debit Credit
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