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Center Brook & Co. Cwns vast amounts of corporate bonds, Suppose Center Brook butys $900,000 of CoteCorp bonds at tace value on Janvary 2, 2024.

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Center Brook \& Co. Cwns vast amounts of corporate bonds, Suppose Center Brook butys $900,000 of CoteCorp bonds at tace value on Janvary 2, 2024. The CoteCorp bonds pay interest at the annual rate of 6% on June 30 and December 31 and mature on December 31, 2028. Center Brook intends to hold the investment unth maturity Requirements 1. Journalize any required 2024 entries for the bond investrment 2. How much cash interest will Center Brook recewe each year from Cotecorp? 3. How much interest rewenue will Center Brook report during 2024 on this bond investment? Requirement 1. Journalize any required 2024 entres for the bond investment. (Record debits first, then credits. Select the explanation on the last ine of the journal entry table) Begin by joumalizing Center Brook's investment on January 2, 2024

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