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Suppose Ritter Brothers purchases $900,000 of 4 5% annual bonds of Buster Brown Corporation at face value on January 1, 2018. These bonds pay interest

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Suppose Ritter Brothers purchases $900,000 of 4 5% annual bonds of Buster Brown Corporation at face value on January 1, 2018. These bonds pay interest on June ana becember 31 each year. They mature on December 31, 2021. Ritter intends to hold the Buster Brown bond investment until matunity Read the Requirement 1. Journalize Ritter Brothers's ransactions related to the bonds for 2018 (Record debits first, then credits journal entry table) Select the explanation on the last ine of the Begin by journalzing Ritter Brothers investment on January 1.2018 Date 2018 Jan. 1 Accounts and Explanation Debit Credit

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