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    rolanddoit's Avatar
    rolanddoit Posts: 1, Reputation: 1
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    #1

    Jan 23, 2010, 11:55 AM
    journal entry on purchase 12% BONDS
    On Jan. 1, 2006, Jomona Corp, purchased 12% bonds, having a maturity value of $300,000 for 322,744.44. What is the journal entry?
    financequeshelp's Avatar
    financequeshelp Posts: 3, Reputation: 1
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    #2

    Jan 23, 2010, 02:49 PM
    Entry:
    Investment in 12 %Bonds 300000
    Cash 300000

    In case of furthur help email me at >Removed<
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Jan 24, 2010, 01:41 AM

    BOTH of you need to read our guidelines for posting homework questions:
    https://www.askmehelpdesk.com/financ...-b-u-font.html

    financequeshelp, that also means you need to follow the guidelines in answering posts. Not to mention your answer is incorrect. We all mess up, but it's such a basic finance question that I have serious doubts about your knowledge in this area.

    I also have doubts when you include your email when you're just doing people's homework for them. Looking for business doing homework?
    JasfutureCPA's Avatar
    JasfutureCPA Posts: 1, Reputation: 1
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    #4

    Apr 14, 2012, 10:35 AM
    Jan 1, 2006 Invest. In 12% Bond.Jomona Corp 300,000
    Premium on bonds payable 22,744.44
    Cash 322,744.44




    I believe this is the correct journal entry
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