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Vaughn Company acquires 59, 8%, 5 year, $1000 Community bonds on January 1, 2020 for $59000. The journal entry to record this investment includes a

Vaughn Company acquires 59, 8%, 5 year, $1000 Community bonds on January 1, 2020 for $59000. The journal entry to record this investment includes a debit to

Debt Investments for $59000.

Cash for $59000.

Debt Investments for $63720.

Stock Investments for $59000.

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