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Brief Exercises BEH.1 (101) Crong Corporation purchased debt investments for $40,000 on January 1, 2020 on July 1, 2020, Craig received cash interest of $1,650

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Brief Exercises BEH.1 (101) Crong Corporation purchased debt investments for $40,000 on January 1, 2020 on July 1, 2020, Craig received cash interest of $1,650 Joumalize the purchase and the receipt of interest Assume no interest has been accrued Journalize entries for debt investments

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