Required information (The following information applies to the questions displayed below.] On January 1, 2019,...
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Required information (The following information applies to the questions displayed below.] On January 1, 2019, Rain Technology purchased at par $84,000, 7%, bonds of Lightyear Services Company. The bonds pay interest quarterly on March 31, June 30, September 30, and December 31. Rain Technology's year ends on December 31. The following information applies to the fair value of Lightyear Services' bonds: Bond Price 12/31/2019 $82,000 12/31/2020 91,000 12/31/2021 86,000 Rain Technology sold the bonds on July 14, 2022, for $89,000. Required: 1. Prepare Rain Technology's entry to record interest received on March 31, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 > Record the appropriate journal entry on March 31, 2019. Note: Enter debits before credits. Date General Journal Debit Credit March 31, 2019
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