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On January 1, 2022, Wildhorse Co. purchased at face value, a $9000 6%, bond that pays interest on January 1. Wildhorse Co. has a calendar

On January 1, 2022, Wildhorse Co. purchased at face value, a $9000 6%, bond that pays interest on January 1. Wildhorse Co. has a calendar year end. The entry on January 1, 2022, is Interest Receivable 540 Interest Revenue 540 Cash 9000 Debt Investments 9000 Debt investments 9000 Cash 9000 Cash 540 Interest Revenue 540

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