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Landmark buys $330,000 of SRW Company's 11%, 4-year bonds payable, at par value on July...

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Accounting

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Landmark buys $330,000 of SRW Company's 11%, 4-year bonds payable, at par value on July 1. Interest payments are made semiannually on December 31 and June 30. The Journal entry Landmark should make to record interest earned at year-end December 31 is. Multiple Choice Debit Interest Receivable 518,150, credit Interest Revenue $18.150. Debit Interest Revenue $18.150, credit Cash 518150 SA

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