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Parilo Company acquired $144,600 of Makofske Company, 5% bonds on May 1, 20Y5, at their face amount. Interest is paid semiannually on May 1 and
Parilo Company acquired $144,600 of Makofske Company, 5% bonds on May 1, 20Y5, at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, 20Y5, Parilo sold $45,600 of the bonds for 95. Journalize the entries to record the following under the cost method: If an amount box does not require an entry, leave it blank.
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