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Music City paid $37,800 plus a 1 point broker's fee of $525 to acquire 8% Airport Corp bonds with a $40,000 maturity value. Music City

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Music City paid $37,800 plus a 1 point broker's fee of $525 to acquire 8% Airport Corp bonds with a $40,000 maturity value. Music City intends to hold the bonds to maturity. The journal entry to record acquisition of the bonds includes a debit to Held-to- Maturity Investment in Airport Bonds for: $37,800 $40,525 $40,000 $38,325 O $41,525

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