On January 1,2024, Rupar Retailers purchased $130,000 of Anand Company bonds at a...
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Accounting
On January Rupar Retailers purchased $ of Anand Company bonds at a premium of $ The Anand bonds pay interest but were purchased when the market interest rate was for bonds of similar risk and maturity. The bonds pay interest semiannually on June and December of each year. Rupar accounts for the bonds as a heldtomaturity investment, and uses the effective interest method. In Rupar's December journal entry to record the second period of interest, Rupar would record a credit to interest revenue of:Multiple Choice$$$$
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