Business
Business, 05.05.2020 14:30, masteroftheuniverse3

Amex Corporation invests excess cash to purchase $25,000 in corporate bonds on March 30, 2018. In addition to the $25,000, Amex also paid a brokerage fee of $1,000. Amex intends to hold the bonds until maturity and has the ability to do so. When the bonds mature on March 30, 2020, Amex plans to use the cash for its business expansion. Which of the following is included in the journal entry on March 30, 2018?

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Amex Corporation invests excess cash to purchase $25,000 in corporate bonds on March 30, 2018. In ad...

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