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What is the total cost to be debited to investments-bonds

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Problem 1: On June 1, $50,000 of bonds were purchased between interest dates. The brokerage commission was $500. The bonds pay interest at 12%, which is paid semiannually on January 1 and July 1. What is the total cost to be debited to Investments-Bonds?

a. $50,500

b. $50,000

c. $49,500

d. $53,000

Reference no: EM132985649

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