Bames Company purchased $100,000 of 115% bonds at par. The bonds...
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Accounting
Bames Company purchased $100,000 of 115% bonds at par. The bonds mature in six years and are classified as a held-to- maturity security. Which of the following is the correct journal entry to record the receipt of the usual semiannual interest payment? Multiple Choice debit Cash $5,750, credit Long-Term Investments--HTM. 55.750 debit Cash $11,500, credit Unrealized Gain-Equity, $11,500 debit Unrealized Gain-Equity, $5750, credit Cash 55,750
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