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Brief Exercise H-1 Monty Corporation purchased debt investments for $51,100 on January 1, 2017. On July 1, 2017, Monty received cash interest of $3,000. Journalize

Brief Exercise H-1 Monty Corporation purchased debt investments for $51,100 on January 1, 2017. On July 1, 2017, Monty received cash interest of $3,000. Journalize the purchase and the receipt of interest. Assume no interest has been accrued. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

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