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Journalize the entries to record the following selected transactions of Oliver Co.: Purchased $100,000 of Kruse Co. 8% bonds at par value plus accrued interest

Journalize the entries to record the following selected transactions of Oliver Co.: Purchased $100,000 of Kruse Co. 8% bonds at par value plus accrued interest of $2,000. Received first semiannual interest payment. Sold the bonds at 97 plus accrued interest of $1,500.

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