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BRIEF EXERCISES BE12-1 Ownbey Corporation purchased debt investments for $52,000 on January 1, 2017. Journalize entries for On July 1, 2017, Ownbey received cash interest

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BRIEF EXERCISES BE12-1 Ownbey Corporation purchased debt investments for $52,000 on January 1, 2017. Journalize entries for On July 1, 2017, Ownbey received cash interest of $2,340. Journalize the purchase and the investments receipt of interest. Assume that no interest has been accrued. (LO 1)

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