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Required information Exercise D-10 Record investment in bonds at a discount (LO D-5) (The following information applies to the questions displayed below.] On January 1,
Required information Exercise D-10 Record investment in bonds at a discount (LO D-5) (The following information applies to the questions displayed below.] On January 1, Dora purchases 175 of the $1,000, 7%, 15-year bonds issued by Splash City, with interest receivable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, Dora will purchase the bonds for $159,869. Exercise D-10 Part 2 2. Record the purchase of the bonds by Dora on January 1 and the receipt of the first two semiannual interest payments on June 30 and December 31. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet
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