00 points World Co. paid $25,000 to buy 10% Core Power bonds payable. The bonds pay semi-annual interest on June 30th and December 31st. World Co. paid $100 commission. World Co. intends to hold these bonds for 9 months and then trade them. The entry to record this purchase is:
- Investment - Core Power $25,100
- Cash $25,100
- Investment - Core Power $25,000
- Commission fee expense $100
- Cash $25,100
- Cash $25,100
- Investment - Core Power $25,100
- No entry
- Investment - Core Power $25,100
- Cash $100
- Commission fee expense $25,000