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Business, 16.12.2019 21:31 coolaadhya123

On september 1, parsons company purchased $84,000, 10-year, 7% government bonds at 100 plus accrued interest. the semiannual interest payment dates are june 30 and december 31. interest calculations are done by the month. required: a. journalize the entry to record the bond purchase. b. journalize the receipt of interest on december 31 of the first year. c. journalize the sale of the bonds on february 1 of the second year for $82,000 plus accrued interest. if an amount box does not require an entry, leave it blank.

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On september 1, parsons company purchased $84,000, 10-year, 7% government bonds at 100 plus accrued...
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