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On February 15, Jewel Company buys bonds of Marcelo Corp. for $201.410 cash. This debt investment is classified as available-for-sale securities. This is the company's

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On February 15, Jewel Company buys bonds of Marcelo Corp. for $201.410 cash. This debt investment is classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. Jewel Company sells 30% of the Marcelo Corp. debt investment on November 17 of the current year for $104,800 cash. The entry to record this sale includes a: Multiple Choice Credit to Loss on Sale of Debt Investments for $44,377. Debit to Cash for $60,423 Debit to Debt Investments--AFS for $60,423. Credit to Debt Investments--AFS for $60,423. Debit to Loss on Sale of Debt Investments for $44.377

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