Kendall Corp. purchased at par value $160,000 of Barker Company's 7% bonds that mature in 10 months. The bonds pay interest semiannually on June 1 and December 1. Kendall plans to hold the bonds until they mature. The journal entry to record Kendall's purchase of the bonds is:

Question 18 options:

	debit Short-Term InvestmentsHTM $160,000; credit Cash, $160,000.
	debit Cash, $169,333; credit, Short-Term InvestmentsHTM $169,333.
	debit Cash, $160,000; credit Short-Term InvestmentsHTM $160,000.
	debit Long-Term Investments-HTM $160,000; credit Cash $160,000.
	debit Cash, $160,000; credit Long-Term Investments-HTM $160,000.