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Barr Company acquires 60, 10%, 5 year, $1,000 Community bonds on January 1, 2010 for $61,250. This includes a brokerage commission of $1,250.
The journal entry to record this investment includes a debit to
a. Debt Investments for $60,000.
b. Debt Investments for $61,250.
c. Cash for $61,250.
d. Stock Investments for $60,000
For the Project, you will need to submit a written research paper which answers the following questions. This Project is due by Sunday, December 9, 2012. Please read the instructions below.
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