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Business, 17.12.2019 19:31 cvhufjbvbcxx9845
Hendricks corporation purchased trading investment bonds for $50,000 at par. at december 31, hendricks received annual interest of $2,000, and the fair value of the bonds was $47,400.prepare hendricks' journal entries for (a) the purchase of the investment, (b) the interest received, and (c) the fair value adjustment. (assume a zero balance in the fair value adjustment account.)
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Hendricks corporation purchased trading investment bonds for $50,000 at par. at december 31, hendric...
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