Walsh Equipment Company made the following purchases of debt securities during 2012. All are classified as held-to-maturity, and all pay interest semiannually.Required:1. Prepare journal entries for the purchases.2. Show all adjusting entries relating to the bonds on December 31, 2012, assuming that Walsh closes its books on that date and uses the straight-line amortizationmethod.
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Walsh Equipment Company made the following purchases of debt sec

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