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On May 1, 2016, Walloon purchased $100,000, 8% bonds at 102 plus accrued interest. The bonds mature on 11/1/19. Straight-line amortization is used. Semi-annual interest

On May 1, 2016, Walloon purchased $100,000, 8% bonds at 102 plus accrued interest. The bonds mature on 11/1/19. Straight-line amortization is used. Semi-annual interest is collected each May 1 and Nov 2 answers

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