On January 1, 2020, Coronado Company purchased at face value, a $1060,5% bond that pays...
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Accounting
On January 1, 2020, Coronado Company purchased at face value, a $1060,5% bond that pays interest on January 1. Coronado Company has a calendar year end. The adjusting entry on December 31, 2020, is O Cash 53 Interest Revenue 53 53 Interest Receivable Debt Investments 53 O not required O Interest Receivable 53 Interest Revenue 53
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