Watt Company purchased $300,000 of bonds for $315,000. If Watt intends to hold the securities to maturity,
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Question:
Watt Company purchased $300,000 of bonds for $315,000. If Watt intends to hold the securities to maturity, the entry to record the investment includes
a debit to Debt Investments at $300,000.
a credit to Premium on Debt Investments of $15,000.
a debit to Debt Investments at $315,000.
none of these choices are correct.
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