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On jan 1 2 0 2 3 pina corporation purchased newly issued 1 5 7 5 0 0 0 bond. the bond matured dec 3
On jan pina corporation purchased newly issued bond. the bond matured dec and paid interest at every june and dec The market interest rate was Pina's fiscal year end is october and the company had the intention and ability to hold the bond until its maturity date. The bond will be accounted for using the amortized cost model. prepare the journal entries on the books of Pina corporation for each of the following dates. January June October December and Deceember two entries one for interest and one for maturity of bond.
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