Ch 15 Interactive Presentation i Saved 7 Required information Part 2 of 2 Knowledge Check...
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Accounting
Ch 15 Interactive Presentation i Saved 7 Required information Part 2 of 2 Knowledge Check 01 Assume that on July 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two-year bonds with a $100,000 par value. The bonds pay interest semiannually on December 31 and June 30. Jerome intends to hold the bonds until they mature Complete the necessary December 31 entry to record receipt of interest by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns View transaction list View journal entry worksheet X No General Journal Debit Credit Date Dec 31 4,000 Cash Interest receivable 4.000
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