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Maxima Co. purchased $500,000 of 12% bonds of BlueLine Co. at face value on January 1, 2024. The bonds pay interest on June 30 and
Maxima Co. purchased $500,000 of 12% bonds of BlueLine Co. at face value on January 1, 2024. The bonds pay interest on June 30 and December 31 each year. They mature in five years. Maxima intends to hold the BlueLine bond investment until maturity and has the ability to do so. Journalize 's transactions related to the bonds for . Omit explanations. 2. Journalize the entry that will make on the maturity date of the Co. bonds. Assume the last interest payment has already been recorded. Omit explanations. pop-up content ends
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