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3. On August 1, Year l' Ant Company sold Bee Company $ 1,500,000 of 10-year, 6% bonds, dated July 1 at 100 plus accrued interest.

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3. On August 1, Year l' Ant Company sold Bee Company $ 1,500,000 of 10-year, 6% bonds, dated July 1 at 100 plus accrued interest. On March 1, Year 2, Bee sold half of the bonds for $782,500 plus accrued interest. Present entries to record the following transactions: Bee Company (a) (b) (c) Purchase of bonds on August 1, Year 1. Receipt of first semiannual interest amount on December 31, Year 1. The sale of the bonds on March 1, Year2. 6. Journalize the entries to record the following selected equity investment Flurry Com pany during the current year. Flurry's purchase represents less than 20% ofthe total outstanding Braxter stock. February 2 Purchased for cash 500 shares of Braxter Co. stock for $34 per share plus a $250 brokerage commission. April 16 Received dividends of $0.35 per share on Braxter Co. stock June 17 Sold 100 shares of Braxter Co. stock for $40 per share less a $100 brokerage commission

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