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Question 4 2 pts Bay Company acquires 6 0 , 8 % , 5 year, $ 1 , 0 0 0 Community bonds on January

Question

4

2

pts

Bay Company acquires

60, 8 %, 5

year, $

1, 000

Community bonds on January

1, 2020

for $

60, 000 .

The journal entry to record this investment includes a debit to

Debt Investments for $

64, 800 .

Debt Investments for $

60, 000 .

Cash for $

60, 000 .

Stock Investments for $

60, 000 .

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