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On January 1, 2022, JBT Company Purchased at Face Value

Question 47

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On January 1, 2022, JBT Company purchased at face value, a $1,000 6%, bond that pays interest on January 1.JBT Company has a calendar year end.The adjusting entry on December 31, 2022, is On January 1, 2022, JBT Company purchased at face value, a $1,000 6%, bond that pays interest on January 1.JBT Company has a calendar year end.The adjusting entry on December 31, 2022, is

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