Journalize the entries to record the following selected bond investment transactions for First Union: (a) Purchased for
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(a) Purchased for cash $400,000 of Medford City 5% bonds at 100 plus accrued interest of $4,500.
(b) Received first semiannual interest.
(c) Sold $250,000 of the bonds at 97 plus accrued interest of $1,800.
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Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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