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Coffey Corporation purchased debt investments for $52000 on January 1 2010 On July 1, 2010, Coffey received cash interest of $2340 Journalize the purchase and the receipt of interest. Assume that

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.View Solution:

Jun 16 2020 View more View Less

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