allyyyyy83 allyyyyy83

09-05-2024
Business

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BEH.1 (LO 1), AP Craig Corporation purchased debt investments for $40,800 on January 1, 2022. On
July 1, 2022, Craig received cash interest of $1,660. Journalize the purchase
and the receipt of interest.
Assume no interest has been accrued.
Journalize entries for debt Investments

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