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transactions pertaining to debt investments



transactions pertaining to debt investments Maxim Corporation had the following transactions pertaining to debt investments. Jan. 1 Purchased 80, 8%, $1,000 Woodrow Company bonds for $80,000, plus brokerage fees of $800. July 1 Sold 20 Woodrow Company bonds for $22,000, less $300 brokerage fees. Instructions Prepare journal entries for the purchase and sale of the Woodrow Company bonds. Business Assignment Help, Business Homework help, Business Study Help, Business Course Help


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