Question: PLEASE ANSWER QUICKLY OTHER TUTORS IGNORED THIS QUESTION MULTIPLE TIMES!!!! 16. Blossom Corporation purchased debt investments for $56,000 on January 1, 2020. On July 1,

PLEASE ANSWER QUICKLY OTHER TUTORS IGNORED THIS QUESTION MULTIPLE TIMES!!!!

16.

Blossom Corporation purchased debt investments for $56,000 on January 1, 2020. On July 1, 2020, Blossom received cash interest of $2.520 Journalize the purchase and the receipt of interest. Assume that no interest has been accrued. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry for the account tities and enter for the amounts) Date Account Titles and Explanation Debit Credit

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