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Purchased securities?
Watt Co. purchased $300,000 of bonds for $315,000. If Watt intends to hold the securities to maturity, the entry to record the investment includes
a debit to Held-to-Maturity Securities at $300,000.
a credit to Premium on Investments of $15,000.
a debit to Held-to-Maturity Securities at $315,000.
none of these.
1 Answer
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- cactusgeneLv 71 decade agoFavorite Answer
My answer is c), a debit to Held-to Maturity Security at $315,000.
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