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On January 1, 2017, Garzon purchased 6% bonds (held -to-maturity) issued by PBS Utilities at a cost of $40,000, which is their par value. The
On January 1, 2017, Garzon purchased 6% bonds (held -to-maturity) issued by PBS Utilities at a cost of $40,000, which is their par value. The bonds pay interest semiannually on July 1 and January 1. For 2017 , prepare entries to record Garzon's July 1 receipt of interest and its December 31 year-end interest accrual.
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Modern Internal Auditing An Operational Approach
Authors: Victor Zinn Brink
3rd Edition
0471065242, 978-0471065241
