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Albright Company purchased as a long-term investment $500,000 of Benton Corporation 10year,9% bonds.: Mar. 1 Purchased bonds at their face amount for $500,000. May 1
Albright Company purchased as a long-term investment $500,000 of Benton Corporation 10year,9% bonds.: Mar. 1 Purchased bonds at their face amount for $500,000. May 1 Sold half the bonds at 98 plus accrued interest of $3,750. The broker deducted $200 for brokerage fees and taxes, remitting the balance. Journalize the above selected transactions. If an amount box does not require an entry, leave it blank
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