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In January 2022, the management of Spring Corporation concludes that it has sufficient cash to permit some short-term investments in share securities. All securities are
In January 2022, the management of Spring Corporation concludes that it has sufficient cash to permit some short-term investments in share securities. All securities are considered to be trading securities. During the year, the following transactions occurred.
Feb. 1
Aug. 1 Aug. 1
Purchased 75 1,000, 9% Rocket bonds for 75,000. Interest is payable semiannually on August 1 and February 1.
Received the interest on the Rocket bonds. Sold the Stone bonds for 74,000.
Instructions
Journalize the transactions.
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Energy Audit Of Building Systems An Engineering Approach
Authors: Moncef Krarti
3rd Edition
0367820463, 978-0367820466
