Question: Using the data presented in BE12-2, assume that Columbia Ltd. intended to hold the investment until it matures. Prepare the journal entries to record (a)

Using the data presented in BE12-2, assume that Columbia Ltd. intended to hold the investment until it matures. Prepare the journal entries to record
(a) The purchase of the bonds on January 1,
(b) The receipt of the interest on July 1,
(c) Any adjusting entries required at December 31.

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