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Landmak Corporation buys $460,000 of Schroeter Company's 6%, 5 year bonds payable, at par value on September 1 . Interest payments are made semiannually. Landmakic
Landmak Corporation buys $460,000 of Schroeter Company's 6%, 5 year bonds payable, at par value on September 1 . Interest payments are made semiannually. Landmakic plens and has the ability to hold the bonds for the 5 -year life. The journal entry to record the purchase should include: Multiple Choice A debat to Debt livestments - Avaliable for sale 5460,000 A sebi to Debt lnvestiments - Trading $460,000 A deba to Debt inveatments- Heith to maturity $460000 A debit to Stock itwestments suteo.000. A debir to Covis 1460,000
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