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Shane's Computers decides to invest in North Country Enterprises on January 2,2018. The market rate...

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Accounting

Shane's Computers decides to invest in North Country Enterprises on January 2,2018. The market rate of interest was 3% on January 2,2018, so the $70,000 maturity value bonds will be sold for face value. The bonds mature on December 31,2022, and will pay interest on June 30 and December 31 at 3% annually.
Journalize Shane's Computers investment in North Country Enterprises bonds on January 2,2018.
Journalize Shane's Computers receipt of interest on June 30,2018.
Journalize Shane's Computers disposal of the bond on December 31,2022, assume the last interest payment has been made.
\table[[Date,Description,Debit],[January 2,2018,Credit,],[June 30,2018,,],[December 31,2022,,]]
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