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World CoPaid $25,000 to Buy 10% Core Power Bonds Payable

Question 98

Multiple Choice

World Co.paid $25,000 to buy 10% Core Power bonds payable.The bonds pay semi-annual interest on June 30th and December 31st.World Co.paid $100 commission.World Co.intends to hold these bonds for 9 months and then trade them.The entry to record this purchase is:


A)
World Co.paid $25,000 to buy 10% Core Power bonds payable.The bonds pay semi-annual interest on June 30<sup>th</sup> and December 31<sup>st</sup>.World Co.paid $100 commission.World Co.intends to hold these bonds for 9 months and then trade them.The entry to record this purchase is: A)    B)    C)    D)    E)  No entry
B)
World Co.paid $25,000 to buy 10% Core Power bonds payable.The bonds pay semi-annual interest on June 30<sup>th</sup> and December 31<sup>st</sup>.World Co.paid $100 commission.World Co.intends to hold these bonds for 9 months and then trade them.The entry to record this purchase is: A)    B)    C)    D)    E)  No entry
C)
World Co.paid $25,000 to buy 10% Core Power bonds payable.The bonds pay semi-annual interest on June 30<sup>th</sup> and December 31<sup>st</sup>.World Co.paid $100 commission.World Co.intends to hold these bonds for 9 months and then trade them.The entry to record this purchase is: A)    B)    C)    D)    E)  No entry
D)
World Co.paid $25,000 to buy 10% Core Power bonds payable.The bonds pay semi-annual interest on June 30<sup>th</sup> and December 31<sup>st</sup>.World Co.paid $100 commission.World Co.intends to hold these bonds for 9 months and then trade them.The entry to record this purchase is: A)    B)    C)    D)    E)  No entry
E) No entry

Correct Answer:

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