Journalize the entries to record the following selected transactions of Oliver Co.:May 1Purchased $100,000 of Kruse Co. 6% bonds at their face amount plus accrued interest of $2,000.July 1Received first semiannual interest payment.Sept. 1Sold the bonds at 97 plus accrued interest of $1,000.

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The Answer of Journalize the entries to record the following selected transactions of Oliver Co.:May 1Purchased $100,000 of Kruse Co. 6% bonds at their face amount plus accrued interest of $2,000.July 1Received first semiannual interest payment.Sept. 1Sold the bonds at 97 plus accrued interest of $1,000.

Journalize the Entries to Record the Following Selected Transactions of Oliver