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On January 1, 2021, Concord Ltd. purchased at face value, a $1000,5%, bond that pays...

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On January 1, 2021, Concord Ltd. purchased at face value, a $1000,5%, bond that pays interest on January 1 and July 1. Concord has a calendar year end. The entry for the receipt of interest on July 1, 2021, is: O Cash 50.00 Interest Revenue 50.00 Cash 25.00 Interest Revenue 25.00 25.00 O Interest Receivable Interest Revenue 25.00 50.00 O Interest Receivable Interest Revenue 50.00 Sage Hill Inc, started its operations with the following share capital: 52.000. $3.00 preferred shares, and 245,700 common shares. For its first five years of operations, dividends were declared and paid as follows. Year 1 Year 2 Year 3 $124,100 $115,000 $201,400 $156,000 $281,400 Year 4 Year 5

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