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  3. 27. on january 1, 2019, parsons company purchased

27. On January 1, 2019, Parsons Company purchased $84,000, 10 year, 7% government bonds at...

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Accounting

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27. On January 1, 2019, Parsons Company purchased $84,000, 10 year, 7% government bonds at 100. The semi-annual interest payment dates are June 30 and December 31. Required: (Shows computations and references are required) (1) Journalize the entry to record the bond purchase. (2) Journalize the receipt of interest at June 30 and December 31, 2019. Journalize the February 1, 2020 sale of the bonds for $82,000 plus accrued interest for one month. (3) Debit Credit

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