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Amortized Cost Model Sale of a BondJust the facts (pulled from the scenario): Robinson sells bond investment in Chan Corp on Nov. 1, 2027 Bonds

Amortized Cost Model Sale of a BondJust the facts (pulled from the scenario): Robinson sells bond investment in Chan Corp on Nov. 1, 2027 Bonds sold at 99.75% plus accrued interest Remember that interest receivable of $1,333 and discount amortization of $317 would have been recognized at the August 31, 2027 year end. Instructions: Prepare the journal entries to record the sale of the bond on November 1, 2027. (Use the Effective Interest Method)

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