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Calculate the increase of the Debt investment account of the Orange Company at June, 30 for $70 000 of Juice Company 10% bond purchased at

Calculate the increase of the Debt investment account of the Orange Company at June, 30 for $70 000 of Juice Company 10% bond purchased at January, 1. Payments are annual on January, 1. The purchase price is $64 953 to yield 12%. The bond is held to collection and matures in 5 years.

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