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Five year bonds with a face value

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On April 30 of Year 1, the Aggie Corporation purchased available for sale securities. These securities consisted of 
(a) Smith Corporation 10%, five year bonds with a face value of $12,000, which were purchased at par plus four months of accrued interest 
(b) 300 shares of Bike Company common stock, which were purchased at $20 per share.

Prepare the April 30 journal entry to record the purchase of these available for sale securities.

Reference no: EM13871046

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