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On February 1, the company purchased Gibbons Corp. 10% bonds with a face value of $264,000 at 100 plus accrued interest. Interest is payable on

On February 1, the company purchased Gibbons Corp. 10% bonds with a face value of $264,000 at 100 plus accrued interest. Interest is payable on April 1 and October 1.

What are the journal entries?

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