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Assume Jones Electronics has excess cash to invest and buys $200,000 of face value 5%, five year, Beck Company bonds on January 1 of the
Assume Jones Electronics has excess cash to invest and buys $200,000 of face value 5%, five year, Beck Company bonds on January 1 of the current year. The bonds pay interest on June 30 and December 31 each year. What would be the journal entry to record the purchase of the bonds with cash
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