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On August 1, 2025, Wildhorse Company acquired 1170, $1000, 10% bonds at 96 plus accrued...

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Accounting

On August 1, 2025, Wildhorse Company acquired 1170, $1000, 10% bonds at 96 plus accrued interest. The bonds were dated May 1, 2025, and mature on April 30, 2030, with interest paid each October 31 and April 30. The bonds will be added to Wildhorse's available-for-sale portfolio. The entry to record the purchase of the bonds on August 1, 2025 is Debt Investments Interest Receivable Cash Debt Investments Interest Revenue Cash Discount on Debt Investments Debt Investments 1123200 Cash 29250 1170000 29250 1152450 1152450 46800 1152450 1152450
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On August 1,2025. Wildhorse Company acquired 1170,$1000,10% bonds at 96 plus accrued interest. The bonds were dated May 1. 2025, and mature on April 30,2030, with interest paid each October 31 and April 30 . The bonds will be added to Witdhorse'5 available-for-sale portiolio. The entry to record the purchase of the bonds on August 1,2025 is

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