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Barnes Company purchased $64,000 of 11.5% bonds at par. The bonds mature in six years and are classified as a held-to-maturity security. Which of the

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Barnes Company purchased $64,000 of 11.5% bonds at par. The bonds mature in six years and are classified as a held-to-maturity security. Which of the following is the correct journal entry to record the receipt of the usual semiannual interest payment? Multiple Choice debit Cash, $7,360, credit Unrealized GainEquity, $7,360. debit Cash, $7,360; credit Long-Term Investments-HTM, $7,360. debit Cash, $3,680; credit Long-Term Investments-HTM, $3.680. debit Cash, $3680; credit Interest Revenue, $3,680

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