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Phoenix Co . paid $ 2 5 , 0 0 0 to buy a 5 % , 2 - year bond payable with a $
Phoenix Co paid $ to buy a year bond payable with a $ par value. The bonds pay interest semiannually. Phoenix intends to hold the bonds until they mature. The entry to reflect this purchase would include a debit to which of the following accounts in what amount?
Multiple choice question.
Debt Investments for $
Bonds Payable for $
Cash for $
Bond Investments for $
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