Kimmel Industries AG purchased debt investments for CHF50,000 on January 1, 2017. On July 1, 2017, Kimmel

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Kimmel Industries AG purchased debt investments for CHF50,000 on January 1, 2017. On July 1, 2017, Kimmel received cash interest of CHF1,600. Journalize the purchase and the receipt of interest. Assume that no interest has been accrued.

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Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

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

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Question Posted: Apr 07, 2017 11:27 AM

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Kimmel Industries AG purchased debt investments for CHF50,000 on January 1, 2017. On July 1, 2017, Kimmel

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Financial Accounting

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