Question: Using the data presented in BE16.5, assume Strand Corp. is a public company and that it purchased Hydrocors bonds at par for trading purposes. Prepare

Using the data presented in BE16.5, assume Strand Corp. is a public company and that it purchased Hydrocor’s bonds at par for trading purposes. Prepare the journal entries to record

(a) The purchase of the bonds on June 30, 2024

(b) The receipt of the first interest payment on December 31, 2024

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