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answer it please During the year, the following transaction occurred: Corporation MOCK a public company, purchased $324,000 of five-year, 5%H bonds at par on June

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During the year, the following transaction occurred: Corporation MOCK a public company, purchased $324,000 of five-year, 5%H bonds at par on June 30,2024 . Interest is paid semi-annually each June 30 and December 31 . At December 31,2024 , the bonds were trading at $307,800. Corporation MOCK purchased H bonds for trading purposes. As the main purpose of this investment is for trading purposes, the Corporation will use the fair value basis of measurement. Instructions: (1) Prepare the initial journal entries to record each of the transactions in the current year. Hint: If no entry applicable, specifically state No Entry Hint: Exert extra caution over the account names used

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