On june 1 400000 of bonds were purchased as a long-term, Ask an Expert

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On June 1 $400,000 of bonds were purchased as a long-term investment at 97.5 and 500 was paid as the brokerage commission. If the bonds bear interest at 12%, which is paid semi-annually on January 1 and July 1, what is the total cost to be debited to the investment account?

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