Mazzeo Company Acquires 80 Dodd's 10%, 5 Year, $1,000 Bonds

question 225

Multiple Choice

Mazzeo Company acquires 80 Dodd's 10%, 5 year, $1,000 bonds on January 1, 2014 for $80,000. The journal entry to record this investment includes a debit to

• A) Debt Investments for $88,000.
• B) Debt Investments for $80,000.
• C) Cash for $80,000.
• D) Stock Investments for $80,000.

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