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Your answer is incorrect. On August 1, 2021, Cullumber Company acquired ( $ 510000 ) face value 8 bonds of Kasnic Corporation at 105 plus
Your answer is incorrect. On August 1, 2021, Cullumber Company acquired \\( \\$ 510000 \\) face value \8 bonds of Kasnic Corporation at 105 plus accrued interest. The bonds were dated May 1, 2021, and mature on April 30, 2026, with interest payable each October 31 and April 30. The bonds will be held to maturity. What entry should Cullumber make to record the purchase of the bonds on August 1, 2021? Debt Investments Interest Revenue Cash Debt Investments Interest Revenue Cash 545700 10200 535500 535500 10200 545700
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