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Journalize the entries to record the following selected bond investment transactions for Southwest Bank: Purchased for cash $400,000 of Daytona Beach 5 percent bonds at

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Journalize the entries to record the following selected bond investment transactions for Southwest Bank: Purchased for cash $400,000 of Daytona Beach 5 percent bonds at 100 plus accrued interest of $4,500. Received first semiannual interest. Sold $250,000 of the bonds at 97 plus accrued interest of $1,800

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