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Prepare the journal entry to record the initial investment

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Question - The Dorchester Company invested $100,000 in 5-year bonds. The bonds were purchased at par and bear interest at a rate of 8% per annum, payable semiannually.

(a) Prepare the journal entry to record the initial investment.

(b) Prepare the journal entry that Dorchester would record on each interest date.

(c) Prepare the journal entry that Dorchester would record at maturity of the bonds.

Reference no: EM132076727

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