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Title: Accruex Corporation invests excess cash of $25,000 in corporate bonds on March 30, 2017. The bonds ... Post by: H3Ko on Aug 29, 2016 Accruex Corporation invests excess cash of $25,000 in corporate bonds on March 30, 2017. The bonds will mature in two years from the date of purchase. When the bonds mature in 2019, Accruex plans to use the cash for its business expansion. Which of the following is included in the journal entry on March 30, 2017?
A) a debit to Short-term InvestmentsU.S. Treasury Notes for $25,000 B) a debit to Long-term InvestmentsAvailable-for-Sale for $25,000 C) a debit to Long-term InvestmentsHeld-to-Maturity for $25,000 D) a credit to Long-term InvestmentsAvailable-for-Sale for $25,000 Title: Re: Accruex Corporation invests excess cash of $25,000 in corporate bonds on March 30, 2017. The ... Post by: Tanks on Aug 29, 2016 Content hidden
Title: Re: Accruex Corporation invests excess cash of $25,000 in corporate bonds on March 30, 2017. The bonds ... Post by: H3Ko on Oct 12, 2016 I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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