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On August 1, 2025, Pharoah Company acquired $420000 face value 10% bonds of Sheridan Corporation at 104 plus accrued interest. The bonds were dated May

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On August 1, 2025, Pharoah Company acquired $420000 face value 10% bonds of Sheridan Corporation at 104 plus accrued interest. The bonds were dated May 1, 2025, and mature on April 30, 2030, with interest payable each October 31 and April 30 . The bonds will be held to maturity. What entry should Pharoah make to record the purchase of the bonds on August 1, 2025? DebtInvestmentsInterestRevenue43680010500 Cash 447300

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