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  1. business
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  3. on february 15, jewel company buys bonds of marcel

On February 15, Jewel Company buys bonds of Marcelo Corporation for $201,410cash. This debt investment...

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Accounting

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On February 15, Jewel Company buys bonds of Marcelo Corporation for $201,410cash. This debt investment is classified as available-forsale securities. This is the company's first and only investment in avallable-for-sale securities. Jewel Company sells 30% of the Marcelo Corporation debt investment on November 17 of the current year for $104,800 cash. The entry to record this sale includes a: Mutiple Choice Credito Los. on Sole of Debt Investients for 444.377 Debin to Debt investrnents-Avabble-fo-sole (AFS) fot $50423 Debito lots on Sole of Deat invertnents for s44 377 Debit to Cash for 560.423 Credit to Debt investments-Avoiloble-for-stle (4FS) for $60,423

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