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Landmark Corp buys $350,000 of Schroeter Company's 8% 5-year bonds payable at par value on September 1 Interest payments are made semiannually Landmark plans to

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Landmark Corp buys $350,000 of Schroeter Company's 8% 5-year bonds payable at par value on September 1 Interest payments are made semiannually Landmark plans to hold the bonds for the 5-year life The journal entry tc record the purchase should include Multiple Choice A debit to Short-Term Investments-Trading $350,000. A debn to Long Term Investmente-AFS $350,000 A debt to Cash $350,000 A deoit to Long Term Investments-HTM $350.000 A deoit to Shon-Term Investments AFS $350000 On February 15. Jewel Company buys 6.300 shares of Marcera Corp comran stox at $28 70 per share plus a brakerage fee of $400 The stock Is dassified as available far-sale securties. This is the compsny's first and only investment in available-for-sale secunties On March 15. Marcelo Corp declares a dvidend of $1 22 per share payable to stockholders of record on Api 15 Jewel Campany receved the dividend on Apnl 15 and ultimately selis haif of the M arcela Corp stock on Noverrber 1 of the currert year for 329 47 per share less brokerage fee of $250. The journal entry to record the cividend on April 15 is Mutiple Choice Debe Cash $7,686, edt Gin on Sale of Investments $7,686 Dett Cash $7,686, edt interest Revence $7686 Dobe Cach $7,66 rede Ovidend Peveue $7,686 Deet Cash $6,765 credt Didend Revenue $6.765 Dot Cesh $6765, aedt lster est Peene $6,765

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