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rt Level Submission) Exercise H-1 (Pa Cullumber Corporation had these transactions pertaining to debt investments: Purchased 83 10%, $1,000 Martine Co. bonds for $83,000 cash.

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rt Level Submission) Exercise H-1 (Pa Cullumber Corporation had these transactions pertaining to debt investments: Purchased 83 10%, $1,000 Martine Co. bonds for $83,000 cash. Interest is payable semiannually on July 1 and January 1. Jan. 1 July 1 Received semiannual interest on Martine Co. bonds July 1 Sold 28 Martine Co. bonds for $34,110 Your answer is partially correct. Try again Journalize the transactions. (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.) Debit Date Account Titles and Explanation Credit Jan. 1 Debt Investments 83000 83000 Cash July 1 Cash Interest Revenue (To record interest) July 1Cash 34110 Debt Investments 49800 Gain on Sale of Debt Investments (To record sale of bonds)

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