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Bobcat buys 8%, 20-year bonds with a face amount of $100,000 on January 1, 20x4. The market yield for bonds of similar risk and maturity

Bobcat buys 8%, 20-year bonds with a face amount of $100,000 on January 1, 20x4. The market yield for bonds of similar risk and maturity is 10%. Interest is paid semiannually on June 30th and December 31st. Book the appropriate Journal Entries for the year.

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