Question: Merex, Inc. purchases a 3 - year bond with a stated rate of 8 % ( payable semi - annually ) at par for $

Merex, Inc. purchases a 3-year bond with a stated rate of 8%(payable semi-annually) at par for $80,000. To record the purchase you would, Debit Investment-HTM 80,000 and Credit Cash 80,000True or False

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