On January 1, 2017, the LaRoche Company purchased at face value, a $1,000, 5%, bond that pays interest on January 1. LaRoche Company has a calendar year end. The entry for the receipt of interest on January 1, 2018 is

Question

Quizplus · Accepted Answer

The Answer of On January 1, 2017, the LaRoche Company purchased at face value, a $1,000, 5%, bond that pays interest on January 1. LaRoche Company has a calendar year end. The entry for the receipt of interest on January 1, 2018 is

On January 1, 2017, the LaRoche Company Purchased at Face