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On October 1, 2018, Oriole Company purchased to hold to maturity, 3100, $1000, 10% bonds for $3510000 which includes $51000 accrued interest. The bonds, which
On October 1, 2018, Oriole Company purchased to hold to maturity, 3100, $1000, 10% bonds for $3510000 which includes $51000 accrued interest. The bonds, which mature on February 1, 2027, pay interest semiannually on February 1 and August 1. Oriole uses the straight-line method of amortization. The bonds should be reported in the December 31, 2018 balance sheet at a carrying value of
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