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entries to record the purchase of the bonds

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entries to record the purchase of the bonds On January 2, Worth Company purchased 40, 10%, $1,000 Bolton Company bonds for $41,000 cash, plus brokerage fees of $1,000. Interest is payable semiannually on July 1 and January 1. On July 1, the company received a semiannual interest payment on the Bolton Company bonds. Journalize the entries to record the purchase of the bonds and the receipt of the interest payment. Business Assignment Help, Business Homework help, Business Study Help, Business Course Help

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