Bond investment transactions

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Reference no: EM13813505

Journalize the entries to record the following selected bond investment transactions for Southwest Bank:

1. Purchased $400,000 of Daytona Beach 5% bonds at 100 plus accrued interest of $4,500.

2. Received the first semi annual interest.

3. Sold $250,000 of the bonds at 97, plus accrued interest of $1,800.

Reference no: EM13813505

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