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The Bradford Company issued 6 % bonds, dated January 1 , with a face amount of $ 5 0 million on January 1 , 2
The Bradford Company issued bonds, dated January with a face amount of $ million on January to SaxtonBose Corporation. The bonds mature on December years For bonds of similar risk and maturity, the market yield is Interest is paid semiannually on June and December FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
Required:
to Prepare the journal entries to record the purchase of the bonds by SaxtonBose on January interest revenue on June and interest revenue on December at the effective rateEnter your answers in whole dollars. If no entry is required for a transactionevent select No journal entry required" in the first account field.
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