On August 1, Dragon, Inc., acquired $10,000 face amount, 5% bonds of Elroy, Inc., at 106. The bonds were dated May 1 and mature in 5 years on April 30, with interest payable each October 31 and April 30. Dragon has the positive intent and ability to hold bonds until they mature. What journal entry should Dragon make to record the purchase of the bonds?

The maximum amount of money that a consumer can charge on a credit card is called the

Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.

If a bond is issued at a premium the effective interest rate is most likely