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Journalize entries to record the selected bond investment

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Problem - Bond Transactions - Journalize the entries to record the following selected bond investment transactions for Capital Trust:

a. Purchased for cash $250,000 of Belmont City 4% bonds at 100 plus accrued interest of $1,500.

b. Received first semiannual interest.

c. Sold $80,000 of the bonds at 97 plus accrued interest of $500.

Reference no: EM132683627

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