Solved: On april 30 of year 1 the aggie corporation purchased, Accounting Basics

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On april 30 of year 1 the aggie corporation purchased

On April 30 of Year 1, the Aggie Corporation purchased available for sale securities. These securities consisted of
(a) Smith Corporation 10%, five year bonds with a face value of $12,000, which were purchased at par plus four months of accrued interest
(b) 300 shares of Bike Company common stock, which were purchased at $20 per share.

Prepare the April 30 journal entry to record the purchase of these available for sale securities.

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Accounting Basics: On april 30 of year 1 the aggie corporation purchased

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Accounting Basics: On april 30 of year 1 the aggie corporation purchased

Reference No:- TGS01156453

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