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Para. 6-d-5] By June 30, 2024, property taxes had been collected in the amount of...

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Accounting

Para. 6-d-5] By June 30, 2024, property taxes had been collected in the amount of $475,000; $300,000 was invested in temporary investments that earn 2.6 percent per annum. Required: Prepare the journal entry to record the amount invested.

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