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Wildhorse Company purchased, on January 1 , 2 0 2 5 , as a held - to - maturity investment, $ 8 7 , 0
Wildhorse Company purchased, on January as a heldtomaturity investment, $ of the year bonds of Handley
Corporation for $ which provides an return.
Prepare Wildhorse's journal entries for a the purchase of the investment, and b the receipt of annual interest and discount
amortization. Assume effectiveinterest amortization is used. List all debit entries before credit entries. Credit account titles are
automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and
enter for the amounts. Record journal entries in the order presented in the problem. Round answers to decimal places, eg
No
Date
Account Titles and Explanation
Debit
a
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