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Journalize the Entries to Record the Following Selected Bond Investment $400,000 \$ 400,000

question 32

Essay

Journalize the entries to record the following selected bond investment transactions for Southwest Bank: (a) Purchased $400,000 \$ 400,000 of Daytona Beach 5% 5 \% bonds at 100 plus accrued interest of $4,500 \$ 4,500 .
(b) Received the first semiannual interest.
(c) Sold $250,000 \$ 250,000 of the bonds at 97 , plus accrued interest of $1,800 \$ 1,800 .

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Definitions:

Per Capita Gdp

A measure of the average economic output per person, calculated by dividing the Gross Domestic Product (GDP) by the total population.

Japan

A country in East Asia known for its advanced technology, rich culture and history, and significant economic power.

China

A country located in East Asia, known for being the world's most populous country and for its rich history and cultural heritage.

World's Population

The total number of people currently living on Earth.

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