Vaughn Co. purchased 86,7% Cullumber Company bonds for $86000 cash. Interest is payable annually on January 1. If 43 of the securities are sold on January 1 for $45500, the entry would include a credit to Gain on Sale of Debt Investments for O $2500. $2425. O $2275 $2475. Save for Later Attempts: 0 of 1 used Submit