Question: octoring Enabled: PRACTICE EXAM 2 (CH TAX Help Save & Exit Submit 1 Landmark Corp. buys $370,000 of Schroeter Company's 9%, 5-year bonds payable, at

octoring Enabled: PRACTICE EXAM 2 (CH TAX Help Save & Exit Submit 1 Landmark Corp. buys $370,000 of Schroeter Company's 9%, 5-year bonds payable, at par value on September 1. Interest payments are made semiannually. Landmark plans to hold the bonds for the 5-year life. When the bonds mature, the journal entry to record the proceeds will be Multiple Choice % Tools O Debit Cath $370.000%, chodit interest Revenue $370,000 Debit Canh $170,000, cred interest Receivable $170.000 100 882 DebtlongTom Investments-HTM $370.000 Credit Cash $370,000, lapse Deor Cmh $370,000, credit Debelvestments-HTM 270.000, Debit Cash $370,000, credt fonds Payable $170.000

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