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Question 27 Jones Corporation has excess cash to invest and pays $400,000 to buy 7%, five-year bonds of ine Corporation, a face value, on
Question 27 Jones Corporation has excess cash to invest and pays $400,000 to buy 7%, five-year bonds of ine Corporation, a face value, on June 30, 2024. The bonds pay interest on June 30 and December 31. Jones intends to hold the bonds to maturity. The bonds are disposed of, at face value, on June 30, two years later. Prepare the journal entry for December 31, 2024 (omit the explanation). Edit Format Table 12pt Paragraph BIUA
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