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Entries for Imvertunent in Bonds, Interest, and Sale of Eonds The followng bond investrnent tranisactions were completed during a recent year by Starks Compary: Year

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Entries for Imvertunent in Bonds, Interest, and Sale of Eonds The followng bond investrnent tranisactions were completed during a recent year by Starks Compary: Year 1 on July t and January 1. Aug: 30 Sold 10, $1,000 bonds at 98 plos $180 acrued interest (two months). a. Journalue the entries for these tratisactions Assume a 360 -day year. Do not round interim calculations. Round final answers to nearest dollar. For a compound transac blank. Feedback Check Mr Work b. Provide the December 31, Year 1, adjusting jodarnal entry for semiannual interest earned on the bonds

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