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On January 1 , 2 0 X 1 , The West Indies Company purchased bonds issued by Harbor Industries with a face amount of $
On January X The West Indies Company purchased bonds issued by Harbor Industries with a face amount of $ The bonds pay interest semiannually on June and December The bonds sold for $ which reflects a market rate. The entry to record the December receipt of interest will include a debit to Cash for $ a credit to Interest Revenue for $ a debit to Investment in Harbor Industries Bonds for $ a credit to Discount on Bonds for $ 
On January X The West Indies Company purchased bonds issued by Harbor Industries with a face amount of $ The bonds pay interest semiannually on June and December The bonds sold for $ which reflects a market rate. The entry to record the December receipt of interest will include
a debit to Cash for $
a credit to Interest Revenue for $
a debit to Investment in Harbor Industries Bonds for $
a credit to Discount on Bonds for $
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