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Entries for Investments in Bonds, Interest, and Sale of Bonds corp. bonds at 105 . Journalize the entries to record the following: Do not round
Entries for Investments in Bonds, Interest, and Sale of Bonds corp. bonds at 105 . Journalize the entries to record the following: Do not round interim calculations. Round final answers to nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. a. The initial acquisition of the Murphy Corp. bonds on October 1, Year 1. Year 1, Oct. 1 b. The adjusting entry for three months of accrued interest earned on the Murphy Corp. bonds on December 31 , Year 1. Year 1, Dec. 31 d. The sale of 591,200 of Murphy Corp. bonds on April 1, Year 2, at 105
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