Oberlo paid $180,000 to purchase CAE Corp bonds as a long-term investment.The 7% bonds had a par value of $180,000 and pay interest semiannually.Prepare the journal entry to record the transaction.

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The Answer of Oberlo paid $180,000 to purchase CAE Corp bonds as a long-term investment.The 7% bonds had a par value of $180,000 and pay interest semiannually.Prepare the journal entry to record the transaction.

Oberlo Paid $180,000 to Purchase CAE Corp Bonds as a Long-Term