On January 1, Skills Company purchased as a short-term investment a $1,000, 6% bond for $1,000. The bond pays interest on January 1. The bond is sold on July 1 for $1,200 plus accrued interest. Interest has not been accrued since the last interest payment date. What is the entry to record the cash proceeds at the time the bond is sold? A) Cash 1,200 B) Cash 1,230 C) Cash D) Cash Debt Investments Debt Investments Gain on Sale of Debt Investments Interest Revenue Debt Investments Interest Revenue Debt Investments Gain on Sale of Debt Investments 1,230 1,200 1,200 1,000 200 30 1,200 30 1,000 200

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A:

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A:

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.