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On January 1, 2022, Buffalo AG made an investment in 81,000 of the 8%,5-year bonds of Chester Corporation for 7A,859, which provides an 10% return.

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On January 1, 2022, Buffalo AG made an investment in 81,000 of the 8%,5-year bonds of Chester Corporation for 7A,859, which provides an 10% return. Garfield plans to hold these bonds to collect contractual cash flows. Prepare Buffalo's journal entries for (a) the purchase of the irvestment, and (b) the reccipt of annual interest on December 31 and discount amortization. (Round answers to 0 decimal places es. 1.225. Credit account titles are automatically indented when amsunt is entered. Do not indent manualig. If no entry is required, select "No Entry" for the account titles and enter O for the amounte)

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