Question: Current Attempt in Progress Cullumber Company purchased $ 3 1 2 0 0 0 of bonds for $ 3 2 7 0 0 0 .

Current Attempt in Progress
Cullumber Company purchased $312000 of bonds for $327000. If Cullumber intends to hold the securities to maturity, the entry to record the investment includes
a debit to Debt Investments at $312000.
a credit to Premium on Debt Investments of $15,000.
a debit to Debt Investments at $327000.
none of these choices are correct.
Current Attempt in Progress Cullumber Company purchased $312000 of bonds for

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