Roger Technologies invests $50,000 to acquire 550.000 ace value, 8%. five-year corporate bonds on January...
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Roger Technologies invests $50,000 to acquire 550.000 ace value, 8%. five-year corporate bonds on January 2, 2017. The bonds will mature on January 2, 2022. The bonds pay interest semiannually on January 2 and July 2 each year until maturity. Assume Roger Technolopes uses a calendar year. Based on the information provided, which of the following will be included in the journal entry for the transaction on July 2. 2017 A debit to interest Revenue for $2,000 credit to interest Revenue for 52,000 Oc debit to interest Revenue for $4,000 o credit to interest Revenue for $4,000
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