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Landmark Corp. buys $390,000 of Schroeder Company's 6%, 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 $390,000 of Schroeder Company's 6%, 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 to record the purchase should include: A debit to Long-Term Investments-AFS $390,000. A debit to Short-Term Investments-Trading $390,000. A debit to Long-Term Investments-HTM $390,000 A debit to Short-Term Investments-AFS $390,000

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