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Purchased $100,000 of U. Treasury 6% bonds, paying 102 plus accrued interest of $1000. The security is to be held short-term profits.

Purchased $100,000 of U.S. Treasury 6% bonds, paying 102 plus accrued interest of $1000. The security is to be held short-term profits.

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journal entry.doc

CH310310_7646_ACC
Purchased $100,000 of U.S. Treasury 6% bonds, paying 102 plus accrued interest of $1000. The
security is to be held short-term profits.
Answer:
Journal Entry:
Investment in short...

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