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Homework answers / question archive / On February 1
On February 1. 20X4. Tayyab purchased 10 $1.000. 12 percent bonds at 96 as a short-term investment. Interest is payable semi-annually on July 1 and January 1 of each year. How much cash did Tayyab spend on February 1. 20X4? What amount should be debited to the investment account?
