Question

On January 12, 2021, lupin corporation purchased bonds of long bottom corporation for $86000 at par and classified the securities as trading securities. On December 31 2021, these bonds were valued at $91000. Nine months later, on October 3 2022, lupin corporation sold these bonds for $ 83000, prepare the journal entries required on the date of sale, assuming lupin uses a multistep approach to recorsd the sale ​

Answer 1

Answer:

755574

Explanation:

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