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Foren Corporation had the following transactions pertaining to debt investments.
Due sunday at 7:00. Please do quality work using APA format with references.
September 15, 2020Imaginethat you are starting your own company. What will be the ethical code of
September 15, 2020Foren Corporation had the following transactions pertaining to debt investments.Jan. 1 Purchased 50 8% $1000 Choate Co. bonds for $50000 cash plus brokerage fees of $900. Interest is payable semiannually on July 1 and January 1.July 1 Received semiannual interest on Choate Co. bonds.July 1 Sold 30 Choate Co. bonds for $34000 less $500 brokerage fees.Required:(a) Journalize the transactions.(b) Prepare the adjusting entry for the accrual of interest at December 31.
