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  3. on may 1, knox inc. purchases $100,000 of 10-year,

on may 1, Knox inc. purchases $100,000 of 10-year, 6% Madison corporation bonds dated march...

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Accounting

on may 1, Knox inc. purchases $100,000 of 10-year, 6% Madison corporation bonds dated march 1 at 100 plus accrued interest. journalize the entry to record the semiannual receipt of interest on September 1

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