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On June 1, $40,000 of treasury bonds were purchased between intrest .pdf

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On June 1, $40,000 of treasury bonds were purchased between intrest dates. The broker commission was $600. 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 the Investment - Treasury Bonds account? How much interest revenue will be recorded on July 1? Solution.

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On June 1, $40,000 of treasury bonds were purchased between intrest dates. The broker commission was $600. 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 the Investment - Treasury Bonds account? How much interest revenue will be recorded on July 1? Solution

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On June 1, $40,000 of treasury bonds were purchased between intrest .pdf

  • 1. On June 1, $40,000 of treasury bonds were purchased between intrest dates. The broker commission was $600. 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 the Investment - Treasury Bonds account? How much interest revenue will be recorded on July 1? Solution