Journalize the Entries to Record the Following Selected Transactions of Oliver

question 23

Essay

Journalize the entries to record the following selected transactions of Oliver Co.: (a) Purchased $\$ 100,000$ of Kruse Co. $8 \%$ bonds at par value plus accrued interest of $\$ 2,000$ .
(b) Received first semiannual interest payment.
(c) Sold the bonds at 97 plus accrued interest of $\$ 1,500$ .

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