On January 1, 2011, Milton Company purchased at face value, a $ \$ 1,000,6 \% $ bond that pays interest on January 1 and July 1 . Milton Company has a calendar year end.
The entry for the receipt of interest on July 1, 2011, is

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The Answer of On January 1, 2011, Milton Company purchased at face value, a $ \$ 1,000,6 \% $ bond that pays interest on January 1 and July 1 . Milton Company has a calendar year end.
The entry for the receipt of interest on July 1, 2011, is

On January 1, 2011, Milton Company Purchased at Face Value $1,000,6% \$ 1,000,6 \% $1,000,6%

On January 1, 2011, Milton Company Purchased at Face Value $\$ 1,000,6 \%$