Kimmel Industries AG purchased debt investments for CHF50,000 on January 1, 2020. On July 1, 2020, Kimmel
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Kimmel Industries AG purchased debt investments for CHF50,000 on January 1, 2020. On July 1, 2020, 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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Related Book For
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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