N February 1 2011 Stanton Sold 40 000 Of The Bonds At 103 Plus Accrued Interest

n February 1, 2011, Stanton sold $40,000 of the bonds at 103 plus accrued interest. The journal entry Stanton will record on June 30, 2010, will include: Answer a credit to Interest Revenue for $2,000. a debit to Cash for $3,000. a debit to Cash for $2,000. a credit to Interest Receivable for $1,000.

 

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