BYRER Submit On February 15, Jewel Company buys notes of Marcelo Corp. for $201.910. The...
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BYRER Submit On February 15, Jewel Company buys notes of Marcelo Corp. for $201.910. The investment is classified as long-term available for-sale securities. This is the company's first and only investment in available for sale securities. The journal entry to record the purchase on February 15 is: Multiple Choice Debit Debt Investments---HTM 5201,910, credit Cash $201.910 Debit Debt Investments-AFS 5201,910 credit Notes Payable $201.910, Debit Debt Investments-Trading 5201,910, credit Notes Payable $201910
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