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securities. West Company's annual reporting period ends December 31. Assume the effective interest method of amortization of any discounts or premiums. Note: When answering the

image text in transcribed securities. West Company's annual reporting period ends December 31. Assume the effective interest method of amortization of any discounts or premiums. Note: When answering the following questions, round answers to the nearest whole dollar. b. Record the entry for the purchase of the bonds by West Company on July 1 of Year 1

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