On Jan 1 07 SSS buys 100 US Treasury Bonds (face value $1000 each) for...
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Accounting
On Jan 1 07 SSS buys 100 US Treasury Bonds (face value $1000 each) for the Trading Portfolio. The bonds carry an annual interest coupon of 4% paid semiannually Jan 1 and July 1. Journalize the purchase.
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