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23 On February 1, 2024, ABC purchased 10 $1,000, 12 percent bonds at 96 as a short-term investment. Interest is payable semi-annually on July 1
23 On February 1, 2024, ABC purchased 10 $1,000, 12 percent bonds at 96 as a short-term investment. Interest is payable semi-annually on July 1 and Jumuary 1 of mich year How much cash did ABC spend on February 1, 20242 What amount should be debited to the investment account? Total Cash Spent 11 $10,100 2) $9.600 3) $9.700 01.06.40 4) $10.000 Multiple Choice Choice 1 Choice 21 Choice 3 Debit to Investment Account $10,000 $9,700 $9.600 $10.100
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