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AM Corp. purchases $420,000 of Anodyne Company's 8%, 10 year bonds payable at par. Interest is! paid every six months. AM plans to hold the

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AM Corp. purchases $420,000 of Anodyne Company's 8%, 10 year bonds payable at par. Interest is! paid every six months. AM plans to hold the bonds to maturity. At the maturity date, what is the journal entry will be made by AM? Multiple Choice Debit Cash $420,000; credit Interest Receivable $420,000. 0 Debit Long-Term Investments-HTM $420,000; credit Cash $420,000. O Debit Cash $420,000, credit Interest Revenue $420,000. 0 Debit Cash $420,000; credit Long-Term Investments-HTM $420,000. 0 Debit Cash $420,000 credit Bonds Payable $420,000

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