Business, 25.02.2020 05:23, thevampsrock3

On April 1, Alliance Company purchased $50,000 of Tetter Company's 12% bonds at 100 plus accrued interest of $2,000. On June 30, Alliance received its first semiannual interest. On February 1, Alliance sold $40,000 of the bonds at 103 plus accrued interest. The journal entry Alliance will record on April 1 for the purchase of the bonds will include a:

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On April 1, Alliance Company purchased $50,000 of Tetter Company's 12% bonds at 100 plus accrued int...