7. On January 1, 2018, the Myrth Corporation decides to invest in Small Town bonds. The bonds mature on December 31, 2024, and pay interest of 7% on June 30 and December 31. The market rate of interest was 7% on January 1, 2018, so the $ 60 comma 000 maturity-value bonds sold for face value. Myrth Corporation intends to hold the bonds until maturity. Journalize the transactions related to Myrth Corporation's investment in Small Town bonds during 2018
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7. On January 1, 2018, the Myrth Corporation decides to invest in Small Town bonds. The bonds mature...
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