Transactions pertaining to debt investments

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Reference no: EM131204917

Jenek Corporation had the following transactions pertaining to debt investments. 1. Purchased 67 9%, $2,000 Leeds Co. bonds for $134,000 cash on January 1, 2017. Interest is payable annually on January 1. 2. Accrued interest on Leeds Co. bonds on December 31, 2017. 3. Received interest on Leeds Co. bonds on January 1, 2018. 4. Sold 40 Leeds Co. bonds for $88,440 on January 1, 2018.

Reference no: EM131204917

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