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What the journal entry to record kendall purchase of bonds

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Question - Kendall Corp. purchased at par value, $160,000 of Barker Company's 7% bonds that mature in 10 months. The bonds pay interest semiannually on June 1 and December 1. Kendall plans to hold the bonds until they mature. What the journal entry to record Kendall's purchase of the bonds?

Reference no: EM133123752

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