Question

Use the information below record the initial investment Bods and the first interest payment : On...

Use the information below record the initial investment Bods and the first interest payment :

On January 1, 2020, Waterway Company pays 99,000 to purchase bonds that it intends to hold to maturity. The bonds have a face value of 100,000 and matures on December 31, 2022 Interest is payable semiannually on June 30 and December 31 payable 10%.

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