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Golden Co. purchased $4,000,000 of 8% bonds of Foundation Co. at face value on January 1, 2024. The bonds pay interest on June 30
Golden Co. purchased $4,000,000 of 8% bonds of Foundation Co. at face value on January 1, 2024. The bonds pay interest on June 30 and December 31 each year. They mature in five years. Golden intends to hold the Foundation bond investment until maturity and has the ability to do so. Send kan requirementa Requirement 1. Journalize Golden's transactions related to the bonds for 2024. Omil explanations. (Record debits first, then credits. Exclude explanation from journal entries.) Begin by journalizing Golden's investment on January 1, 2024 Date January 1 Accounts Debit Credit Next, joumalize the receipt of cash interest on June 30, 2024 Date June 30 Accounts Now joumalize the receipt of cash interest on December 31, 2024. Date December 31 Accounts Debit Credit Debit Credit
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