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(Warren, Reeve, & Duchac, 2016) Journalize the entries to record the following selected bond investment transactions for Southwest Bank Purchased $400,000 of Daytona Beach 5%
(Warren, Reeve, & Duchac, 2016) Journalize the entries to record the following selected bond investment transactions for Southwest Bank Purchased $400,000 of Daytona Beach 5% bonds at 100 plus accrued interest of $4,500 Received the first semiannual interest. HINTS Bond Investments-Daytona Beach Bonds Interest Receivable Cash HINT:(2) Cash ($400,000 X 5% X (1 /2) Interest Receivable Interest Revenue
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