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On 1 january 2011 mach co purchases a debt instrument for

Question - On 1 January 2011 mach Co purchases a debt instrument for its value of 1,000 shs. The debt instrument is due to mature on 31 Dec 2015. The instrument has a principal amount of 1,250 shs and the instrument carries fixed interest at 4.72% that is paid annually. How should mach Co. account for the debt instrument over its five year term?

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Accounting Basics: On 1 january 2011 mach co purchases a debt instrument for

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