On January 1,2016,Wildcat Company purchased $93,000 of 10% bonds at face value.The bonds are to be held to maturity.The bonds pay interest semiannually on January 1 and July 1.
Required:
(1. )Prepare the appropriate journal entry to record the acquisition of the bonds.
(2. )Record the first two interest payments (ignore year-end accruals).

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The Answer of On January 1,2016,Wildcat Company purchased $93,000 of 10% bonds at face value.The bonds are to be held to maturity.The bonds pay interest semiannually on January 1 and July 1.
Required:
(1. )Prepare the appropriate journal entry to record the acquisition of the bonds.
(2. )Record the first two interest payments (ignore year-end accruals).

On January 1,2016,Wildcat Company Purchased $93,000 of 10% Bonds at Face