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Landmark Corp. buys $320,000 of Schroeter Company's 9%,5-year bonds payable, at par value on September...

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Accounting

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Landmark Corp. buys $320,000 of Schroeter Company's 9%,5-year bonds payable, at par value on September 1. Interest payments are made semiannually, Landmark plans to hold the bonds for the 5-year life. When the bonds mature, the journal entry to record the proceeds will be: Multiple Choice Debit Cash $320,000 credit Debt Investments-HTM $320.000 Debit Cash $320,000, credit interest Revenue $320.000 Debit Long-Term Investments-HTM $320,000. credit Cosh $320 000

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