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On January 1, 2020, Teal Company purchased at par 5% bonds having a maturity value...

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Accounting

On January 1, 2020, Teal Company purchased at par 5% bonds having a maturity value of $180,000. They are dated January 1, 2020, and mature January 1, 2026, with interest received on January 1 of each year. The bonds are classified in the held-to-maturity category.

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