Question: A company acquired 4 9 , 4 % , 7 year, convertible $ 1 0 0 0 bonds on January 1 , 2 0 2

A company acquired 49,4%,7 year, convertible $1000 bonds on January 1,2025 for $63700. The journal entry to record this investment includes a debit to
Cash for $49000.
Premium on Bonds Payable for $14700.
Debt Investments for $63700.
Discount on Bonds Payable for $14700.
A company acquired 49,4%,7 year, convertible $1000 bonds on January 1,2025

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