On October 1, Gordon Company Purchased $100,000 Face Value of 10

Multiple Choice

On October 1, Gordon Company purchased $100,000 face value of 10% Strong Company bonds at 98. The brokerage commission was $50. The bonds pay interest each March 31 and September 30.
What amount should be recorded as an increase to the bond investment account on October 1?

A) $58,800
B) $60,300
C) $60,350
D) $98,050
E) None of the above