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Find the journal entry to record investment includes a debit

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Question 1: Key Company acquires 60, 10%, 5 year, $1,000 Community bonds on January 1, 2012 for $61,250. This includes a brokerage commission of $1,250. The journal entry to record this investment includes a debit to

Option 1: Debt Investments for $60,000.

Option 2: Debt Investments for $61,250.

Option 3: Cash for $61,250.

Option 4: Stock Investments for $60,000.

Reference no: EM132572523

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