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Brief Exercise 116 On April 1, 2018, west Company purchased $452,000 of 5.50% bonds for $469,830 plus accrued interest as an available-for-sale security. Interest is
Brief Exercise 116 On April 1, 2018, west Company purchased $452,000 of 5.50% bonds for $469,830 plus accrued interest as an available-for-sale security. Interest is paid on July 1 and January 1 and the bonds mature on July 1, 2023 Your answer is partially correct. Try again. Prepare the journal entry on April 1, 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) te Account Titles and Explanation Debit Credit Apr. 1, 2018 Debt Investments 452,000 nterest Revenue 17,830 Cash 469,830 SHOW LIST OF ACCOUNTS LINK TO TEXT
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