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What journal entry to record the investment includes debit

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Reference no: EM132817576

Problem 1: Waterway Company acquires 75, 8%, 5 year, $1000 Community bonds on January 1, 2020 for $75000. The journal entry to record this investment includes a debit to

A. Cash for $75000.

B. Debt Investments for $81000.

C. Debt Investments for $75000.

D. Stock Investments for $75000.

Reference no: EM132817576

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