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BE16-1 Ownbey Corporation purchased debt investments for $52,000 on January 1,1 On July 1, 2017, Ownbey received cash interest of $2,340. Journalize the purchase an

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BE16-1 Ownbey Corporation purchased debt investments for $52,000 on January 1,1 On July 1, 2017, Ownbey received cash interest of $2,340. Journalize the purchase an receipt of interest. Assume that no interest has been accrued

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