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J corporation had the following transaction pertaining a debt investments. 1. Purchased 50 9%, $1,000 Leeds Co. bonds for $50,000 cash. interest is payable annually
J corporation had the following transaction pertaining a debt investments.
1. Purchased 50 9%, $1,000 Leeds Co. bonds for $50,000 cash. interest is payable annually on January 1, 2017.
2. Accrued interest on Leeds co. bonds on December 31, 2017
3. Received interest on Leeds Co. bonds January 1, 2018.
4. Sold 30 Leeds Co. bonds for $33,000 on January 1, 2018
Journalize the transactions
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Understanding And Auditing IT Systems Volume 2
Authors: Young-Woon Min
2nd Edition
1257758837, 978-1257758838
