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Landmark Corp. buys $400,000 of Schroeter Company's 7%, 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 $400,000 of Schroeter Company's 7%, 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: Multiple Choice A debit to Debt Investments --AFS $400,000 A debit to Cash $400,000 A debit to Stock InvestmentsHTM $400.000 A debit to Debt investments --HTM $400,000 A debit to Debt Investments-Trading $400,000

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