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On February 15, Jewel Company buys bonds of Marcelo Corp. for $201310 cash. This debt investment is classified as available for sale securities. This is

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On February 15, Jewel Company buys bonds of Marcelo Corp. for $201310 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 40% of the Marcelo Corp. debt investment on November 17 of the current year for $104,600 cash. The entry to record this sale includes a Multiple Choice Debe to Loss on Sale of Debt investments for $24.076. Credit to Debt investments - AFS for $80,524 Debit to Debt Investments - AFS for $80 524 Debit to Cash for 580,524

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