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On January 1 , 2 0 2 5 , Culver Company purchased $ 2 8 0 , 0 0 0 , 6 % bonds of

On January 1,2025, Culver Company purchased $280,000,6% bonds of Aguirre Co. for $257,289. The bonds were purchased to yield 8% interest. Interest is payable semiannually on July 1 and January 1. The bonds mature on January 1,2030. Culver Company uses the effective-interest method to amortize discount or premium. On January 1,2027, Culver Company sold the bonds for $258,816 after receiving interest to meet its liquidity needs.11?25
71?25
$
11?26
71?26
11?27
71?27
11?28
71?28
1/1/29
7/1/29
1/1/30
Tatal
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