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(1pts) 3) On August 1, 2018, Dumbo Company acquired 1,300. $1,000,9% bonds at .95 plus accrued interest. The bonds were dated May 1, 2018, and

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(1pts) 3) On August 1, 2018, Dumbo Company acquired 1,300. $1,000,9% bonds at .95 plus accrued interest. The bonds were dated May 1, 2018, and mature on April 30, 2024, with interest paid each October 31 and April 30. The bonds will be added to Dumbo available-for-sale portfolio. The preferred entry to record the purchase of the bonds on August 1. 2018 is DR. Debt Investments 1,191.000 CR. Cash 1.191.000 DR. Debt investments 1,235,000 DR. Interest Revenue 29.250 CR. Cash 1,264.250 DR. Debt Investments 1.164.000 DR. Interest Revenue 27,000 CR. Cash 1.191.000 DR Debt investments 1.200.000 DR. Interest Revenue 27,000 CR. Discount on Debt Investments 27.000 CR. Cash 1.191.00

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