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On January 1, 2021, 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 entry for the receipt of interest on July 1, 2021, is

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Use the following information for questions 
On January 1, 2021, 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 entry for the receipt of interest on July 1, 2021, is

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The Answer of Use the following information for questions 
On January 1, 2021, 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 entry for the receipt of interest on July 1, 2021, is

Use the Following Information for Questions