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Grouper Corporation purchased debt investments for $40,400 on January 1, 2022. On July 1, 2022, Grouper received cash interest of $2,100. Journalize the purchase and
Grouper Corporation purchased debt investments for $40,400 on January 1, 2022. On July 1, 2022, Grouper received cash interest of $2,100. 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.)
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