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Journalize the entries to record the following selected bond investment transactions for Southwest Bank: (1) Record journal entry to purchase $800,000 Vegas, Inc. bonds with

Journalize the entries to record the following selected bond investment transactions for Southwest Bank:

(1) Record journal entry to purchase $800,000 Vegas, Inc. bonds with cash. Bonds pay 10% interest semi-annually.

(2) Received first semiannual interest.

(3) Sold $400,000 of the bonds and received cash in the amount of $388,000

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