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165 Landmark Corp. buys $480,000 of Schroeter Company's 8%, 5-year bonds payable at par value on September 1. Interest payments are made semiannually. Landmark plans
165 Landmark Corp. buys $480,000 of Schroeter Company's 8%, 5-year bonds payable at par value on September 1. Interest payments are made semiannually. Landmark plans to hold the bonds for the 5-year life. The journal entry to record the purchase should include: Skipped Multiple Choice O A debit to Long-Term Investments-HTM $480,000. Adebit to Short-Term Investments-AFS $480,000. Adebit to Cash $480,000. O A debit to Long-Term Investments-AFS $480,000. A debit to Short-Term Investments-Trading $480,000
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