A company purchases a 100000 10-year bond on january 1 19x1


A company purchases a $100,000, 10-year bond on January 1, 19X1 at 107. After 5 years, it sells the bond at 102. Prepare the entry for the sale.

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Accounting Basics: A company purchases a 100000 10-year bond on january 1 19x1
Reference No:- TGS0773035

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