Albright Company purchased as a long-term investment $500,000 of Benton Corporation 10-year, 9% bonds.: Purchased bonds at their face amount for $500,000. Sold half the bonds at 98 plus accrued interest of $3,750. The broker deducted $200 for brokerage fees and taxes, remitting the balance. Journalize the above selected transactions. If an amount box does not require an entry,

Sep 8, 2023

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Albright Company purchased as a long-term investment $500,000 of Benton Corporation 10-year, 9% bonds.: Purchased bonds at their face amount for $500,000. Sold half the bonds at 98 plus accrued interest of $3,750. The broker deducted $200 for brokerage fees and taxes, remitting the balance. Journalize the above selected transactions. If an amount box does not require an entry,
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