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Assume Jones Electronics has excess cash to invest and pays $200,000 to buy $200,000 face value 5%, five year, Beck Company bonds on January 1
Assume Jones Electronics has excess cash to invest and pays $200,000 to buy $200,000 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. Jones plans to hold the bonds to maturity. The journal entry for Jones Company to dispose of the bond at maturity (assuming all interest payment has been recorded) would be
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