Multiple Choice
J.P.Industries purchased Yang Corporation bonds with a par value of $143,000 for $143,375 as a long-term investment,which included $375 in brokerage fees.The investment is classified as available-for-sale securities.J.P.'s entry to record the purchase transaction would include a:
A) Debit to Brokerage Fees Expense,$375.
B) Credit to Debt Investments-AFS for $143,000.
C) Credit to Debt Investments-AFS for $143,375.
D) Debit to Debt Investments-AFS for $143,000.
E) Debit to Debt Investments-AFS for $143,375.
Correct Answer:

Verified
Correct Answer:
Verified
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