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On April 1 of the current year, a company paid $150,000 to purchase 7%, 10-year bonds that had a par value of $150,000 and paid interest...

. On April 1 of the current year, a company paid $150,000 to purchase 7%, 10-year bonds that had a par value of $150,000 and paid interest semiannually on October 1 and April 1. The company intends to hold the bonds until they mature. Prepare the journal entry to record the receipt of the semiannual interest payment on April 1 of the following year.

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Accounting-7647329.doc

. On April 1 of the current year, a company paid $150,000 to purchase 7%, 10-year bonds that had a par
value of $150,000 and paid interest semiannually on October 1 and April 1. The company intends...

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