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  3. marhal purchased a bond on janvary 1, 2024, for $0

Marhal purchased a bond on Janvary 1, 2024, for $00,000. The bond has a face...

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Accounting

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Marhal purchased a bond on Janvary 1, 2024, for $00,000. The bond has a face value of $00,000 and matures in 10 yean The bond pays interest in dune 30 and Decerber 31 at a 4$ annual rate. Marshal plans on holding the investment unbl maturly. Read the sequicemenls Finaly, joumalize Manhairs receict of interest on December 31, 2024 Requirement 2. Joumalize the tansaction relabed to Marahairs dispostion of the bond at mahunty on December 31, 2os3 (Assume the last inherest payctant tas already been recorded) Explanations are not required. (Record debits fint, than credts, Exclude explanatoms from pumal entes ) purchased a bond on January 1,2024 , for $80,000. The bond has a face value of $80,000 and matures in 10 years. The bond pays interest on shall plans on holding the investment until maturity. requirements: Accounts Cash Inter Requirements 1. Journalize the 2024 transactions related to Marshall's bond investment. Explanations are not required. 2. Journalize the transaction related to Marshall's disposition of the bond at maturity on December 31, 2033. (Assume the last interest payment has already been recorded.) Explanations are not required

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