Cullumber Corporation purchased debt investments for $41,600 on January 1, 2022. On July 1, 2022, Cullumber...

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Cullumber Corporation purchased debt investments for $41,600 on January 1, 2022. On July 1, 2022, Cullumber received cash interest of $1.600. 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. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Cullumber Corporation purchased debt investments for $41,600 on January 1, 2022. On July 1, 2022, Cullumber received cash interest of $1.600. 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. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit