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9 Check my work Rantzow-Lear Company buys and sells debt securities expectin g to earn...

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9 Check my work Rantzow-Lear Company buys and sells debt securities expectin g to earn profits on short-term differences in price. The company's fiscal year ends on December 31. The following selected transactions relating to Rantzow-Lear's trading account occured during December 2018 and the first week of 2019. 2018 Dec. 17 Purchased 160 Grocers supply Corporation bonds for $560,000. nts 28 Received interest of $4,400 from the Grocers' Supply Corporation bonds. 31 Recorded any necessary adjusting entry relating to the Grocers' Supply Corporation bonds. The narket price of the bonds were $4,000 per bond. 2019 Jan. 5 Sold the Grocers' Supply Corporation bonds for $624,000 Required 1. Prepare the appropriate journal entry or entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Hint ferences View transaction lis Journal entry worksheet Purchased 160 Grocers' Supply Corporation bonds at par of $560,000. Note: Enter debits before credits. Credit General Journal Date December 17, 2018 K Prev 9 of 12 Score answer >

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