AC 302 Chapter 17 Question 2 

AC 302 Chapter 17 Question 2 
Name				Date		
Instructor				Course		
Intermediate Accounting 14th Edition by Kieso Weygandt and Warfield						
Primer on Using Excel in Accounting by Rex A Schildhouse						
						
E17-2 (Entries for Held-to-Maturity Securities) On January 1, 2012, Jennings Company purchased 						
at par	10%	bonds having a maturity value of			$300,000 	. They are 
dated January 1, 2012, and mature January 1, 2017, with interest receivable December 31 of each year. The bonds are classified in the held-to-maturity category.						
						
						
Instructions:						
(a) Prepare the journal entry at the date of the bond purchase.						
						
Jan 1, 12	Account Title				Amount	
	Account Title					Amount
						
(b) Prepare the journal entry to record the interest received for 2012.						
						
Dec 31, 12	Account title				Amount	
	Account title					Amount
						
(c) Prepare the journal entry to record the interest received for 2013.						
						
Dec 31, 13	Account Title				Amount	
	Account Title					Amount
  1. Question Attachments

    1 attachments —

Answer Detail

Get This Answer

Save Time & improve Grades

  • Questions Asked 685059
  • Experts 5361
  • Total Answered 659177

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Our Amazing Features

  • Plagiarism Free Work

    Our experts provide 100 % original and customized work On time Delivery

  • 24*7 Customer Support

    We provide 24*7 online customer supports via online chat or email

  • Cover All Subject

    JQA is one stop solution for all subject’s Assignment. We can provide assignment help for almost all subjects.

  • Best Industry experts

    We have 1000+ PHD and Post Graduate experts.

Refer Just 5 Friends to Earn More than $1000

  • Your Approx Earning

    USD 2350/year

Your Custom Referral Link:

Hire a tutor

Assignment hero

USA

I am an experienced tutor of 7+ years in all math, physics, and Spanish, SAT, and ACT tutoring. I love working with students and seeing them improve on and grasp concepts!

Guru

USA

Need help in Maths and science ? Look no further . contact me so i can help you . i have been a academic tutor for 10 years . Hire me for help in assignments.

Vikas

USA

After 13 years of working with students across the country, we have the experience and knowledge to provide the best possible academic support for your academics.

Rgaurav

India

I have experience teaching AP Calculus AB and BC, Algebra I, Algebra II, Trigonometry, SAT Math Preparation, and Geometry. I have tutored students ranging from 8th grade to college students.

Invite Tutor