Coffey Company purchased debt investments for CHF52,000 on January 1, 2011. On July 1, 2011, Coffey received

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Coffey Company purchased debt investments for CHF52,000 on January 1, 2011. On July 1, 2011, Coffey received cash interest of CHF2.340. Journalize the purchase and the receipt of interest. Assume that no interest has been accrued.

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Financial accounting

ISBN: 978-1118285909

IFRS Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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