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On July 1 , 2 0 2 4 , Bramble Corporation, a private company, purchased $ 2 4 9 , 6 0 0 of six
On July Bramble Corporation, a private company, purchased $ of sixyear,
Star Corporation bonds for $ The bonds pay interest each June The bonds were
purchased to earn interest and the market interest rate at the time of purchase was The
company uses the effectiveinterest method to amortize any premium or discount on debt
security investments.
Prepare the required journal entries on July and December and June Record
entries in the order displayed in the problem statement. Credit account titles are automatically indented
when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the
account titles and enter for the amounts. List all debit entries before credit entries.
Date
Account Titles and
Explanation
Debit
Credit
On July Bramble Corporation, a private company, purchased $ of sixyear,
Star Corporation bonds for $ The bonds pay interest each June The bonds were
purchased to earn interest and the market interest rate at the time of purchase was The
company uses the effectiveinterest method to amortize any premium or discount on debt
security investments.
Prepare the required journal entries on July and December and June
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