The following selected transactions relate to certain securities acquired by Wildflower Blueprints Inc., whose fiscal year ends on December 31:

(Assume that all intervening transactions and adjustments have been properly recorded and that the number of bonds owned has not changed from December 31, 2007, to December 31, 2011.)

{Instructions}
Journalize the entries to record the foregoing transactions.objs. 2, 3

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2007 Sept. 1. Purchased $600,000 of Wilson Company 20-year, 10% bonds dated July 1, 2007, directly from the issuing company, for $578,580 plus accrued interest of $10,000.