On may 1 2010 stanton company purchased 50000 of harris, Ask an Expert

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On May 1, 2010, Stanton Company purchased $50,000 of Harris Company's 12% bonds at 100 plus accrued interest of $2,000. On June 30, 2010, Stanton received its first semiannual interest. On February 1, 2011, Stanton sold $40,000 of the bonds at 103 plus accrued interest.

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Accounting Basics, Accounting

Category:- Accounting Basics
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