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On January 1, 2020, Ursa Industries acquired 65 Peak Inc. 7%, 10-year, $1,000 bonds. If...

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Accounting

On January 1, 2020, Ursa Industries acquired 65 Peak Inc. 7%, 10-year, $1,000 bonds. If Ursas fiscal year ends on the last day of the calendar year, what adjusting entry should be made on December 31, 2020, to journalize accrued interest on these bonds?

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