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PART 1 Our Company started the year with no investments. Make the journal entries for the following events: Jan 16. Our company Invested in DEF
PART 1 Our Company started the year with no investments. Make the journal entries for the following events: Jan 16. Our company Invested in DEF bonds at par for $100,000. Management intends to hold this investment in an active trading account for immediate resale. Our fiscal year ends December 31. Mar 3. Our company sold one-half of this Investment for cash of $51,000. Dec. 31. The market value of the remaining half of the bonds was $52,500. 100,000 Jan 16 investment in DEF Bonds cash 51,000 Mar cash DEF Bonds 31 No entry required Dec
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