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Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $202,200 of Walker Co., 4% bonds on Ma
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Gonzalez Company
a Investment in Bonds 202200
Cash 202200
b Cash ( 202200 * 2%) 4044
Interest revenue 4044
c Cash ( 54600 * 98%) 53508
Loss on sale of bonds 1092
Investment in Bonds 54600
d Interest receivable 984
Interest revenue 984
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