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Landmark Corp buys $410,000 of Schroeter Company's 8%, 5-year bonds payable,...

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Accounting

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Landmark Corp buys $410,000 of Schroeter Company's 8%, 5-year bonds payable, at par value on September 1 Interest payments are made semiannually. Landmark plans to hold the bonds for the 5-year life. The journal entry to record the purchase should include

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