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Use the Following Information for Questions

Question 110

Multiple Choice

Use the following information for questions.
On January 1, 2017, Soo Park Corp. purchased at face value, a $5,000, 5%, bond investment that pays interest on January 1 and July 1. Soo Park classified the investment as long-term. Soo Park has a calendar year end.
-The adjusting entry on December 31, 2017, is


A) No entry required.
B) Use the following information for questions. On January 1, 2017, Soo Park Corp. purchased at face value, a $5,000, 5%, bond investment that pays interest on January 1 and July 1. Soo Park classified the investment as long-term. Soo Park has a calendar year end. -The adjusting entry on December 31, 2017, is A) No entry required. B) C) D)
C) Use the following information for questions. On January 1, 2017, Soo Park Corp. purchased at face value, a $5,000, 5%, bond investment that pays interest on January 1 and July 1. Soo Park classified the investment as long-term. Soo Park has a calendar year end. -The adjusting entry on December 31, 2017, is A) No entry required. B) C) D)
D) Use the following information for questions. On January 1, 2017, Soo Park Corp. purchased at face value, a $5,000, 5%, bond investment that pays interest on January 1 and July 1. Soo Park classified the investment as long-term. Soo Park has a calendar year end. -The adjusting entry on December 31, 2017, is A) No entry required. B) C) D)

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