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On June 1 , Bender Corporation paid $ 1 2 0 , 0 0 0 cash to purchase Shelton's 2 7 0 - day short

On June 1, Bender Corporation paid $120,000 cash to purchase Shelton's 270-day short-term debt securities ( $120,000 principal), dated Ju pay 8% interest. These debt securities are classified as available-for-sale. On August 30, Bender receives a check from Shelton for 90 days those debt securities. That August 30 journal entry for Bender includes a:
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