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Watson purchased a bond on January 1,2024 , for $100,000. The bond has a face value of $100,000 and matures in 20 years. The bond
Watson purchased a bond on January 1,2024 , for $100,000. The bond has a face value of $100,000 and matures in 20 years. The bond pays interest on June 30 and December 31 at a 2% annual rate. Watson plans on holding the investment until maturity. Read the requirements. Requirement 1. Journalize the 2024 transactions related to Watson's bond investment Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Begin by journalizing Watson's investment on January 1, 2024 Next, journalize Watson's receipt of interest on June 30,2024
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