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JPMorgan Chase & Co. purchased marketable securities for $50 million, consisting of $30 million of equity securities and $20 million of debt securities. Prepare the

· JPMorgan Chase & Co. purchased marketable securities for $50 million, consisting of $30 million of equity securities and $20 million of debt securities. Prepare the journal entry to record the purchase of marketable securities by JPMorgan Chase & Co.

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