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Bad debts are bad or sub-bad. The second question: On 1/3/2013, a company purchased 10 bonds with a nominal value of 5000 dinars per bond
Bad debts are bad or sub-bad. The second question: On 1/3/2013, a company purchased 10 bonds with a nominal value of 5000 dinars per bond and bears an interest of 8%, which is payable on 1/1 and on 7/1 of each year. The company paid the purchase amount and the purchase commission of 100 dinars and the interest due in cash. Required: Recording the purchase entry and receiving the first interest
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