Coffey Corporation purchased debt investments for $52,000 on January 1, 2010. On July 1, 2010, Coffey received cash interest of $2,340. Journalize the purchase and
Coffey Corporation purchased debt investments for $52,000 on January 1, 2010. On July 1, 2010, Coffey 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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Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
