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Kraft Incorporated had the following transactions pertaining to debt investments. Jan 1 Purchased 30, $1,000 Johnson Company 10% bonds for $30,000. Interest is payable semiannually

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Kraft Incorporated had the following transactions pertaining to debt investments. Jan 1 Purchased 30, $1,000 Johnson Company 10% bonds for $30,000. Interest is payable semiannually on July 1 and January 1. July 1 Received semiannual interest on Johnson Company bonds July 1 Sold 15 Johnson Company bonds for $14,600 Dec 31 Accrued for interest on December 31 for the remaining 15 bonds Journalize the 4 transactions HTML Editor BIVA - A - IE7 1 X X, DE - O V O V DT 12pt - Paragraph The primary purpose of the statement of cash flows is to report2 the exact amount of cash in a company on a specific date O a company's financing transactions. information about cash inflows and cash outflows of a company. O a company's investing transactions

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