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rrent Attempt in Progress Pincher Company purchased 50 Issac Company 12%, 10-year, $1,000 bonds on January 1, 2020, for $50,000. The bonds pay nterest semiannually

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rrent Attempt in Progress Pincher Company purchased 50 Issac Company 12%, 10-year, $1,000 bonds on January 1, 2020, for $50,000. The bonds pay nterest semiannually on January 1. On January 1, 2021, after receipt of interest, Pincher Company sold 30 of the bonds for $28,300 Prepare the journal entries to record the transactions described above. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record interest revenue) e 13 (To record interest revenue) (To record sale of bonds) G M e Textbook and Media M List of Accounts V Attempts: 0 of 3 used Submit Answer Save for Later 13 0 5

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