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On Jan 1 , 2 0 2 1 Y issued 8 % , 1 0 years $ 2 0 0 , 0 0 bonds at

On Jan 1,2021 Y issued 8%,10 years $200,00 bonds at 105. X has purchased 50% of bonds directly from YInterest is paid Semi-annually, and effective interest rate is 6%.
Required: Prepare the elimination entry for this transacion on
Dec.31,2022.

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