Salt Foods purchases forty $1,000,7%,10-year bonds issued by Pretzelmania, Incorporated, for $40,000 on January 1....
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Accounting
Salt Foods purchases forty $year bonds issued by Pretzelmania, Incorporated, for $ on January The market interest rate for bonds of similar risk and maturity is Salt Foods receives interest semiannually on June and December
& Record the necessary entries regarding the bonds. If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account field.
please answer in journal entry form, thank you
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