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Butler purchased a bond on January 1,2018 , for $150,000. The bond has a face value of $150,000 and matures in 15 years. The bond
Butler purchased a bond on January 1,2018 , for $150,000. The bond has a face value of $150,000 and matures in 15 years. The bond pays interest on June 30 and December 31 at a 4% annual rate. Butler plans on holding the investment until maturity. Read the requirements. 2. Journalize the transaction related to Butler's disposition of the bond at maturity on December 31, 2032. (Assume the last interest payment has already been recorded.) Explanations are not required. Finally, journalize Butler's receipt of interest on December 31, 2018
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