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Landmerk Corp. buys $330,000 of Schroeter Company's 7% five-yeer bonds payeble at par value on September 1. Interest payments are made semiannually. Landmark plans to
Landmerk Corp. buys $330,000 of Schroeter Company's 7% five-yeer bonds payeble at par value on September 1. Interest payments are made semiannually. Landmark plans to hold the bonds for the five year life. The journal entry to record the purchase should include: O A debit to Long-Term investments-AFs $330,000. O A debit to Short-Term Investments-Trading $330,000. O A debit to Lang-Term Investments HTM $330000. O A debit to Short-Term Investments-AFS $330,000 O A debit to Cash $330,000
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