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On January 1. Wildhorse Enterprise purchased as an investment a $1000,8% bond for $1000. The bond pays interest on January 1 . The bond is

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On January 1. Wildhorse Enterprise purchased as an investment a $1000,8% bond for $1000. The bond pays interest on January 1 . The bond is sold on July 1 for $1230 plus accrued interest. Interest has not been accrued since the last interest payment date. What is the entry to record the cash proceeds at the time the bond is sold

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