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Question:1 Coronado Co purchased 80 S% Sand ill Company bonds for S80000 cash. Interest is payable annually on January 1 $41600, the entry would include

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Question:1 Coronado Co purchased 80 S% Sand ill Company bonds for S80000 cash. Interest is payable annually on January 1 $41600, the entry would include a credit to Gain on Sale of Debt Investments for r 40 or the securities are sold on January i for $2080. $2230 $1600. 2280

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