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On February 15, Jewel Company buys notes of Marcelo Corp. for $201,510. The investment is classified as long-term available-for-sale securities. This is the company's first

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On February 15, Jewel Company buys notes of Marcelo Corp. for $201,510. The investment is classified as long-term available-for-sale securities. This is the company's first and only investment in available-for-sale securities. The journal entry to record the purchase on February 15 is: Multiple Choice 0 Debit Debt Investments-HTM $201,510; credit Cash $201,510. 0 Debit Debt Investments-AFS $201,510; credit Notes Payable $201.510. 0 Debit Debt Investments-Trading $201,510; credit Cash $201,510. 0 Debit Debt Investments-Trading $201,510; credit Notes Payable $201,510. 0 Debit Long-Term Investments-AFS $201,510; credit Cash $201,510

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