Leonard Technologies invests $68,000 to acquire $68,000 face value, 10%, five-year corporate bonds on December...
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Leonard Technologies invests $68,000 to acquire $68,000 face value, 10%, five-year corporate bonds on December 31, 2014. The bonds will mature on December 31, 2019 The bonds pay interest semiannually on December 31 and June 30 every year until maturity. Assume Leonard Technologies uses a calendar year. Based on the information provided, which of the following will be included in the journal entry for the transaction on December 31, 2018? O A a debit to Interest Revenue for $3.400 OB. a credit to interest Revenue for $6 800 OC. a debit to interest Revenue for 55.800 OD. a credit to Interest Revenue for $3,400 Click to select your answer 9 O Type here to search TOYBNIM
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