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On January 1, 2019, Matrix, Inc. purchased as an investment OMR 22,000, of 9%, 8-year bonds, interest paid semi-annually. The market rate for similar bonds
On January 1, 2019, Matrix, Inc. purchased as an investment OMR 22,000, of 9%, 8-year bonds, interest paid semi-annually. The market rate for similar bonds is 11%, so Matrix paid OMR 20,000. Journal entry to record the second period of interest, June 30, Matrix would record a debit to cash: Select one: A. 2,200 B. 1,100 C. 1980 D. 990
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