Brief Exercise 17-3 Caruw Orporation purchased, es heetu-me unty r\'vestment $60

Question

Brief Exercise 17-3 Caruw Orporation purchased, es heetu-me unty r'vestment $60,000 uf ire 8%, 5-year bona of Hurrsun, Lnc for $65,117, wich ro des d 6% return. The borde pay rterestseridrnualY Prepare araw s ournal ntri, er a nurthasa of the investment and n tha rma pt of senniannual int rest ard prami m am rtizat an Assu m m et ve irt rast ama zatlan isi sad. ( ound answers to 0 doe ma aces, i dit account t! es are automat ca In ented when "mount is ontered. Do not indent m nuawy. If no entry is required, setect-No Entry" for th. account titles and nter 0 for tho 8mounts.) No. Account Titles and Explanation Click if you would like to Shaw Work for this question: Open Show Wark

Explanation / Answer

Journal entry :

No account titles and explanation debit Credit a) Investment in Harrison co 65117      Cash 65117 b) Cash (60000*8%*6/12) 2400       Investment in Harrison co 446       Interest revenue (65117*6%*6/12) 1954

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