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Question - Jeneck Corporation had the following transactions pertaining to debt investments.

1. Purchased 50 9%, $1,000 Leeds Co. bonds for $50,000 cash. Interest is payable annually on January 1, 2017

2. Accrued interest on Leeds Co. bonds on Dec 31 2017

3. Received interest on Leeds Co bonds on Jan 1, 2018

4. Sold 30 Leeds Co. bonds for $33,000 on Jan 1, 2018

Required - Journalize transactions.

 

Reference no: EM132603953

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Question - journalize transactions : Purchased 50 9%, $1,000 Leeds Co. bonds for $50,000 cash. Interest is payable annually on January 1, 2017. Required - Journalize transactions
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