Posts Tagged July 1

12.24.2008

What is the total cost to be debited to the investment account?

on June 1, $500,000 of bonds were purchased as a long-term investment at 101 and $600 was paid as the brokerage commission. If the bonds bear interest a 11%, which is paid semiannually on January 1 and July 1. what is the total cost to be debited to the investment account?Candie