=+June 16. Purchased $112,000 of Morgan Co. 6%, 12-year bonds at face value plus accrued interest of

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=+June 16. Purchased $112,000 of Morgan Co. 6%, 12-year bonds at face value plus accrued interest of $280. The bond is classified as an available-for-sale investment. The bonds pay interest semiannually on June 1 and December 1.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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