On January 1, 2021, Windows and Doors Ltd. purchased at face value, a $ 1,000, 5%, bond that pays interest on January 1 and July 1. Windows and Doors has a calendar year end. The entry for the receipt of interest on July 1, 2021, is

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The Answer of On January 1, 2021, Windows and Doors Ltd. purchased at face value, a $ 1,000, 5%, bond that pays interest on January 1 and July 1. Windows and Doors has a calendar year end. The entry for the receipt of interest on July 1, 2021, is