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5/5,500. - (L01) Carow Corporation purchased on January 1. 2017, as a held-to-maturity investment, $60,000 of the 8%, 5-year vonds of Harrison, Inc. for $65,118,

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5/5,500. - (L01) Carow Corporation purchased on January 1. 2017, as a held-to-maturity investment, $60,000 of the 8%, 5-year vonds of Harrison, Inc. for $65,118, which provides a 6% return. The bonds pay interest semiannually. Prepare Carow's journal entries for (a) the purchase of the investment, and (b) the receipt of semiannual interest and premium amortization. Assume effective interest amortization is used. REA

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