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Journalize the entry to record the semiannual receipt

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Question - On May 1, Cedar Inc. purchases $100,000 of 10-year, Madison Corporation 6% bonds dated March 1 at 100 plus accrued interest.

Required: Journalize the entry to record the semiannual receipt of interest on September 1. Refer to the Chart of Accounts for exact wording of account titles.

Reference no: EM131621770

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