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On January 1, 2020, Albert Trucking Inc. purchased at face value, a $1,000, 4%, bond that pays interest on January 1 and July 1. Albert
On January 1, 2020, Albert Trucking Inc. purchased at face value, a $1,000, 4%, bond that pays interest on January 1 and July 1. Albert has a calendar year end. The adjusting entry on December 31, 2020, is O a. Cash 40 Interest Revenue 40 O b. Cash.... 20 Interest Revenue 20 Oc. Interest Receivable Interest Revenue 20 20 O d. Interest Receivable Interest Revenue 40 40
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