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Question completion Status: QUESTION 1 On January 1, a company purchased 3%, 20-year corporate bonds for $69,057,808 as an investment. The bonds have a face
Question completion Status: QUESTION 1 On January 1, a company purchased 3%, 20-year corporate bonds for $69,057,808 as an investment. The bonds have a face amount of $80 million and are priced to yield 4%. Interest is paid semiannually. Prepare the journal entries necessary to record revenue at the effective interest rate on June 30. T T T Arial 3 (12pt) V T-S-E- Path:p Words:0
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