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Record all necessary journal entries

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Problem - On May 1, 2012, Dambro Co. acquired 4,000, FLOOD, 9% bonds at 97 plus accrued interest. The bonds were dated May 1, 2012, and mature on April 30, 2013, with interest paid each October 31 and April 30. The bonds will be measured at amortized cost. Record all necessary journal entries.

Reference no: EM132975462

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