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On May 1 2014Stanton Company purchased $60000 of HarrisCompany&12 bonds at 100 plus accrued interest ofr $2400 OnJune 30 2014 Stanton received its first semiannual interest OnFebruary

On May 1 2014Stanton Company purchased $60000 of HarrisCompany&12 bonds at 100 plus accrued interest ofr $2400 OnJune 30 2014 Stanton received its first semiannual interest OnFebruary

On May 1, 2014, Stanton Company purchased $60,000 of HarrisCompany's 12% bonds at 100 plus accrued interest ofr $2,400. OnJune 30, 2014, Stanton received its first semiannual interest. OnFebruary 1, 2015, Stanton sold $50,000 of the bonds at 103 plusaccrued interest. What are the total proceeds from the February 1,2015, sale? How do you arrive at your answer?

 
mahesh 24-Mar-2020

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