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Bledsoe Incorporated purchases debt investments as trading securities at a cost of $175,000 on October 27. This is the first and only purchase of such

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Bledsoe Incorporated purchases debt investments as trading securities at a cost of $175,000 on October 27. This is the first and only purchase of such securities. At December 31, these securities had a fair value of $181,000. The journal entry to record the purchase of these debt securities would include a Multiple Choice 49 Debit to Debe tewestments - Trading for $175.000 Debit to Cash for $175.000 Credit to Cash for S181000 Credit to Equity Method Investments for $175.000 Debit to Debit investments - Trading for 5181000

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