Jonas Corporation has excess cash to invest and pays $200,000 to buy 7%,five-year bonds of Ridgeline Corporation,at face value,on June 30,2018.The bonds pay interest on June 30 and December 31.Jonas intends to hold the bonds to maturity.The bonds are disposed of,at face value,on June 30,2023.
Prepare the journal entry for December 31,2018 (omit the explanation).

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The Answer of Jonas Corporation has excess cash to invest and pays $200,000 to buy 7%,five-year bonds of Ridgeline Corporation,at face value,on June 30,2018.The bonds pay interest on June 30 and December 31.Jonas intends to hold the bonds to maturity.The bonds are disposed of,at face value,on June 30,2023.
Prepare the journal entry for December 31,2018 (omit the explanation).

Jonas Corporation Has Excess Cash to Invest and Pays $200,000