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Home > Education > Homework Help > Finance & Accounting   »   journal entries

 
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Old Sep 17, 2006, 04:02 AM
shmooper
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journal entries

Qn.) setting aside out of retained earnings an amount of $100,000 for the replacement of plant. To have cash available when the plant requires replacement, they propose to invest $100,000 in government bonds maturing on 15 september 2013. Market value at 30 june 2008 is $105,600. could you please show how the general journal entries are done. cheers

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