Ownbey Corporation purchased debt investments for $52,000 on January l, 2022. On July 1, 2022. Ownbey received
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Ownbey Corporation purchased debt investments for $52,000 on January l, 2022. On July 1, 2022. Ownbey received cash interest of $2,340. Journalize the purchase and the receipt of interest. Assume that no interest has been accrued.
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Related Book For
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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