On February 15,Jewel Company Buys Notes of Marcelo Corp

Multiple Choice

On February 15,Jewel Company buys notes of Marcelo Corp.for $200,110.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:

A) Debit Debt Investments-HTM $200,100; credit Cash $200,100.
B) Debit Debt Investments-AFS $200,110; credit Notes Payable $200,100.
C) Debit Debt Investments-Trading $200,100; credit Cash $200,100.
D) Debit Debt Investments-Trading $200,110; credit Notes Payable $200,110.
E) Debit Long-Term Investments-AFS $200,110; credit Cash $200,110.