Vangaurd Co. purchased 50, 6% McLaughlin Company bonds for $50,000 cash. Interest is payable semiannually on July 1 and January 1. The entry to record the purchase would include debit to
A) Debt Investments for $51,500.
B) Cash for $53,000.
C) Debt Investments for $50,000.
D) Stock Investments for $50,000.
Correct Answer:
Verified
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