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On January 1, 2012, Danner Company purchased at face value, a $1,000, 4% bond that pays interest on January 1 and July 1. Milton Company

On January 1, 2012, Danner Company purchased at face value, a $1,000, 4% bond that pays interest on January 1 and July 1. Milton Company has a calendar year end. The entry for the receipt of interest on January 1, 2013 is

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