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On May 1, Cedar Inc. purchases $150, 000 of 10-year, Knox Corporation 8% bonds dated March 1 at 100 plus accrued interest. What entry would

On May 1, Cedar Inc. purchases $150, 000 of 10-year, Knox Corporation 8% bonds dated March 1 at 100 plus accrued interest. What entry would Cedar record when receiving its semiannual interest on March 1, Year 2

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