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Unformatted text preview: bonds issued by VEI on July 1 for $5,500 and pays broker's fees of $50, the entry to record the purchases would include both the purchase price and broker's fees in the cost of the investment. General Journal Date Account Title and Description Ref. Debit Credit 20X0 July 1 Debt Investments 5,550 Cash 5,550 Purchase of five VEI bonds...
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This note was uploaded on 11/15/2011 for the course ACCT 2310 taught by Professor Staff during the Spring '09 term at Texas State.
- Spring '09