Mercer investments acquired 120000 jericho corp 6 bonds at, Ask an Expert

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Mercer Investments acquired $120,000 Jericho Corp., 6% bonds at par value on September 1, 2010. The bonds pay interest on September 1 and March 1. On March 1, 2011, Mercer sold $40,000 par value Jericho Corp. bonds at 102.

The receipt of semiannual interest on March 1, 2011.
The sale of $40,000 Jericho Corp. bonds on March 1, 2011, at 102.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9980146

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