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Glaser Company had the following transactions pertaining to debt securities classified as TRADING SECURITIES. To complete the journal entries always include the debit account first

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Glaser Company had the following transactions pertaining to debt securities classified as TRADING SECURITIES. To complete the journal entries always include the debit account first and the credit accounts second. If you have a compound entry with multiple debits and or credit accounts include DR and CR to designate if you are debiting or crediting the account. See the example below remember each line here is one line you are typing into. DR Equipment $100,000 CR Accounts Payable $50,000 CR Cash $50,000 Question 6 ( 2 points) Jan. 1 Purchased 40,8%,$1,000 Cotter Company bonds for $40,000. Interest is payable semiannually on July 1 and January 1. Blank # 1 Blank # 2 October 1 Sold 30 Cotter Company bonds for $32,000 plus accrued interest. Blank # 1 Blank # 2 Blank # 3 Blank # 4 Question 9 (4 points) December 31 Prepare the adjusting entry for the accrual of interest on December 31st. Blank # 1 Blank # 2 Question 10 (4 points) As of December 31st the fair market value of the debt investments is $12,500. Record the appropriate journal entry. Blank # 1 Blank # 2

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