Business, 19.03.2021 01:00, kelli151

On August 1, 2018, Natalie Company acquired $300,000 face value 10% bonds of Pal Corporation at 104 plus accrued interest. The bonds were dated May 1, 2018, and mature on April 30, 2025, with interest payable each October 31 and April 30. The bonds will be held to maturity. What entry should Natalie make to record the purchase of the bonds on August 1, 2018

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On August 1, 2018, Natalie Company acquired $300,000 face value 10% bonds of Pal Corporation at 104...