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Salt Foods purchases thirty $1,000,6% 10-year bonds issued by Pretzelmania, Inc., for $32, 338 on January 1. The market interest rate for bonds of similar

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Salt Foods purchases thirty $1,000,6% 10-year bonds issued by Pretzelmania, Inc., for $32, 338 on January 1. The market interest rate for bonds of similar risk and maturity is 5%. Salt Foods recives interest semiannually on June 30 and December 31 1. & 2. Record the necessary entries regarding the bonds. (if no entry is required for a transaction event, select "No journal entry required in the first account field) View transaction et Journal entry worksheet Record the investment in bonds. Note: Enter debts before credits Date General Journal Dabit Credit January 01 Record entry Clear entry View general journal Salt Foods purchases thirty $1,000, 6%, 10-year bonds issued by Pretzelmania, Inc., for $32,338 on Foods receives interest semiannually on June 30 and December 31. 1. & 2. Record the necessary entries regarding the bonds. (If no entry is required for a transaction/e View transaction list Journal entry worksheet

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