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Fruit Flakes purchased 10-year, 5% bonds of Frosted Loops with a face value of $5,000 at 102. Fruit Flakes intends to hold these bonds until
Fruit Flakes purchased 10-year, 5% bonds of Frosted Loops with a face value of $5,000 at 102. Fruit Flakes intends to hold these bonds until it receives the full $5,000 face value at maturity. Which of the following would be included in the journal entry to record this investment
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