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Question
Journalize the entries for the following selected transactions of Oliver Co.:
| May 1 | Purchased $100,000 of Kruse Co. 6% bonds at their face amount plus accrued interest of $2,000. |
| July 1 | Received first semiannual interest payment. |
| Sept. 1 | Sold the bonds at 97 plus accrued interest of $1,000. |
Answer
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