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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Accounting Principles

ISBN: 978-1119419617

IFRS global edition

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

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Question Posted: Jun 26, 2019 09:45 AM

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Kimmel Industries AG purchased debt investments for CHF50,000 on January 1, 2020. On July 1, 2020, Kimmel

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Accounting Principles

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