When bonds mature, a journal entry is recorded on the books of both the investor...
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Accounting
When bonds mature, a journal entry is recorded on the books of both the investor and the investee (issuer). However, when bonds are sold by the investor prior to maturity on the open market, the sale of the bond investment results in a journal entry on the books of the investor, but not on the books of the investee (issuer). Explain why?
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