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Question 27 of 40 -2.5,vdots,vdots View Policies Current Attempt in Progress ...

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Accounting

Question 27 of 40
-2.5,vdots,vdots
View Policies
Current Attempt in Progress
On August 1,2025, Sunland Company acquired $440000 face value 8% bonds of Carla Vista Corporation at 105 plus accrued interest. The bonds were dated May 1,2025, and mature on April 30,2030, with interest payable each October 31 and April 30. The bonds will be held to maturity. What entry should Sunland make to record the purchase of the bonds on August 1,2025?
Debt Investments 470800
Interest Revenue
Cash
Debt Investments 470800
\table[[Cash,470800,],[Debt Investments,440000,],[Premium on Bonds,30800,],[Cash,,470800],[Debt Investments,,],[Interest Revenue,462000,],[Cash,8800,]]
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