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can someone please help me on this 7. On January 1, 2018, the Dirford Corporation decides to invest in Small Town bonds. The bonds mature
can someone please help me on this 7. On January 1, 2018, the Dirford Corporation decides to invest in Small Town bonds. The bonds mature on December 31, 2021, and pay interest of 8% on June 30 and December 31. The market rate of interest was 8% on January 1, 2018, so the $40,000 maturity-value bonds sold for face value. Dimford Corporation intends to hold the bonds until maturity. Journalize the transactions related to Dunford Corporation's investment in Smal Town bonds during 2018 (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Begin by journalizing Dimford Corporation's investment in Small Town bonds on January 1, 2018 Date Accounts and Explanation Debit Jan. 1. 2018 Credit Begin by journalizing Dimford Corporation's investment in Small Town bonds on January 1, 2018 Date Accounts and Explanation Debit Crec Jan 1, 2018 Choose from any list or enter any number in the input fields and then continue to the next question Next, journalize Dimford Corporation's receipt of interest on June 30, 2018. Date Accounts and Explanation Debit Credit Jun 30, 2018 Te e or the journal entry table.) Now journalize Dimford Corporation's receipt of interest on December 31, 2018. Date Accounts and Explanation Dec 31, 2018 Debit
can someone please help me on this
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