Respuesta :
A gain of $4,500 is recognized.
The bonds are sold for $64,500.
Therefore gain is
= $64,500 - $60,000
= $4,500
There is no information given regarding interest received so entry or no gain for such is added.
In finance and economics, Interest is payment from a borrower or deposit-taking financial organization to a lender or depositor of a quantity above compensation of the important sum, at a specific rate. It is distinct from a rate which the borrower may additionally pay the lender or some third party.
Interest is described as the quantity of money paid for the usage of someone else's money. An example of interest is the $20 that changed into earned this year for your savings account. An example of interest is the $2000 you paid in interest this year on your property loan.
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