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Bonds of another corporation that pay annual interest

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Reference no: EM131758556

Need help with an adjusting entry at 12/31/2017 for the following

Edmiston Company owns bonds of another corporation that pay annual interest of $800. These bonds were purchased on April 1, 2017, and the next interest payment will be received on April 1, 2018.

 

Reference no: EM131758556

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Bonds of another corporation that pay annual interest : Edmiston Company owns bonds of another corporation that pay annual interest of $800. These bonds were purchased on April
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