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prepare the following journal entries 5 points Problem 7: Taylor Inc. purchased on January 1, 2025, as a held-td-maturity ihvesnneh , 110 O the 10%,
prepare the following journal entries
5 points Problem 7: Taylor Inc. purchased on January 1, 2025, as a held-td-maturity ihvesnneh , 110 O the 10%, 6-year bonds of Hayes Inc. for $128,766, which provides a 6% return. The bond pays interest semiannually. Required: Prepare the following journal entries. Round all values@o Che nearest dollar. (a): Pre are the ournal entr for the urchase of the investment. Reference: 1/1/2025 Account Title: type your answer... type your answer... (b): Prepare the ournal entry to record the recei t of semiannual interest and preminhl amortization. Reference: 6/30/2025 Previous Account Title: type your answer 11 type your answer... type your answer... Debit: type your answer... type your answer... Debit: type your answer... type your answer... type your anSwer... Credit: type your answer... type your answer... Credit: type your answer... type your answer... type your answer... Next
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