Required information [The following information applies to the questions displayed below] Electronic Arts incorporated is a global leader in digital interactive entertainment. We develop, market, publish and deliver games, content and services that can be played and watched on game consoles, PCs, mobile phones and tablets. Popular brands include Battlefield, The Sims, Madden NFL, and Star Wars. The company reported over $5.5 billion in revenue in a recent year Assume that as part of its cash management strategy, Electronic Arts purchased $11.3 million in bonds at par for cash on July 1 of the current year The bonds pay 9 percent interest annually, with payments on June 30 and December 31, and mature in 5 years. The company plans to hold the bonds until maturity 2. Record the receipt of interest on December 31 of the current year Note: If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in whole dollars not in millions (.e., 1,000,000 not 1.0).

Required information [The following information applies to the questions displayed below] Electronic Arts incorporated is a global leader in digital interactive entertainment. We develop, market, publish and deliver games, content and services that can be played and watched on game consoles, PCs, mobile phones and tablets. Popular brands include Battlefield, The Sims, Madden NFL, and Star Wars. The company reported over $5.5 billion in revenue in a recent year Assume that as part of its cash management strategy, Electronic Arts purchased $11.3 million in bonds at par for cash on July 1 of the current year The bonds pay 9 percent interest annually, with payments on June 30 and December 31, and mature in 5 years. The company plans to hold the bonds until maturity 2. Record the receipt of interest on December 31 of the current year Note: If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in whole dollars not in millions (.e., 1,000,000 not 1.0).

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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