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Martinez Corporation purchased trading investment bonds for $43,000 at par. At December 31, Martinez received annial interest of $1,720, and the fair value of the

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Martinez Corporation purchased trading investment bonds for $43,000 at par. At December 31, Martinez received annial interest of $1,720, and the fair value of the bonds was $40,200. Prepare Martinez' journal entries for (a) the purchase of the invostment, (b) the interest received, and (c) the fair value adjustment. (Assume a zero balance in the Fair Value Adjustment account.) (List all debit entries before credit entries. Credit account tilles are outomoticalfy indented when amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the occount viles and enter 0 for the omounts)

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