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Oriote Co. purchased 74, 5% McLaughlin Company bonds for 574000 cash. Interest is payable annually on January 1. The entry to record the purchase would

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Oriote Co. purchased 74, 5% McLaughlin Company bonds for 574000 cash. Interest is payable annually on January 1. The entry to record the purchase would include debit to Stock Investments for $74000. Debt Investments for $74000. Debt Investments for $75850 Cash for $77700

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